Bitcoin has seen pre-bullrun volume last 2 weeks with selling volume in decline and with the largest buy volume for weekly candle sitting patiently in a small bottom range. These buyers are not likely to sell only if it goes below 5900 USD. Setup looks good to buy and set stoploss below 5900. Targets are the fib levels, 61.8% is where one should definitely take caution and scale out decent portion.
The middle of this bottom is based on angles and time between those two downtrends. For reference, I flipped the fractal of past to fit the symmetrical cup. I don't expect the price to follow this exactly, the symmetrical features like where trend sells or goes up are important though.