BTCUSD has surged unexpectedly, hitting its highest point where it was a year and a half ago. Consensus suggests that BTCUSD is poised to establish a new record shortly. However, there is speculation that a price correction might precede the continuation of the bullish trend. Notably, the demand observed on the weekly chart below appears to present an excellent opportunity for initiating a buy position if the price reaches that level.
Chart PatternsSupply and DemandSupport and Resistance

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