Will this bull run of the BTCUSD continue?

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.