Bitcoin's price dipped to $89,405, testing a crucial support level within an ascending triangle pattern on the 4-hour chart. This decline follows a retreat from a recent high of $94,477, bringing the $89,000 to $90,000 range into focus for traders. A successful rebound from this support could confirm a bullish trend, with potential targets above $94,500 and the 250-period moving average at $95,463. Such a move may propel Bitcoin's price toward $108,000, as traders closely monitor whether buyers can maintain the rising trendline.