BTCUSD Bullish setup > Back to 100k or even higher (Weekly)Bitcoin / U.S. dollarBITSTAMP:BTCUSDVisionaryInsightsPrice has recently formed a strong reaction from the lows, suggesting that a potential bottom is in place after the corrective phase. The structure is now showing early signs of a bullish reversal with momentum starting to shift back in favor of buyers. 🟢 Bullish Confluences Clear bounce from the 60K region, indicating a likely temporary bottom Strong reaction off the lower band support Momentum shift after a prolonged downtrend Early signs of higher lows forming on lower timeframes Price reclaiming key levels after a capitulation move As long as price holds above the recent lows, continuation to the upside becomes increasingly likely. 📈 Fibonacci Targets 38.2% – 81,500 first resistance zone 61.8% – 88,300 key breakout level 100% – 100,000 major target 🚀 The 60K level is likely the temporary bottom for this phase, and the current structure supports a continuation toward 100K and potentially higher as momentum builds. A sustained move above the 61.8% level would further confirm bullish strength. However, it’s important to note that a larger bearish pullback could still occur at a later stage, after the upside expansion plays out. This would likely come after liquidity is taken above key highs.