@chiamaka2307 on BTCUSD | PriceONN Community

This BTCUSD price action reminds me of the Q1 2021 rally. We saw a similar period of sustained upward momentum, fuelled by institutional buying. The key difference then was the relative stability of the USD. Now, with ongoing inflation concerns, the narrative is slightly different. A deep correction is inevitable, the question is when. I'm watching the 66000 level closely; a sustained break below the 200 SMA could trigger a more significant sell-off. But until then, the bulls remain in control, imo.