BTCUSD - Bullish Setup (W)Bitcoin / U.S. dollarBITSTAMP:BTCUSDVisionaryInsightsPrice is showing early signs of stabilization after a prolonged downtrend, with recent price action forming a potential base. The selling momentum appears to be weakening, suggesting a possible shift toward accumulation. However, the downtrend is not over yet, and this move is more likely to result in a large retracement rather than a full trend reversal. Bullish confluences: Price holding above a key support zone after downside exhaustion Signs of consolidation following an impulsive move down Weak bearish follow-through on recent lows Potential higher low formation Early shift in momentum as selling pressure fades If price continues to hold this base and reclaims nearby resistance, a larger corrective move to the upside becomes likely. Bullish targets (Fibonacci levels): 38.2% → ~76k 61.8% → ~85k 100% → 93k These levels align with prior structure and key resistance zones, making them logical upside targets. Invalidation: loss of the current support zone and continuation below recent lows.