Bitcoin just broke above its descending trendline—that's the signal traders have been watching for. If the price can hold and retest from above, we're looking at solid bullish confirmation.

But here's the catch: as long as BTC stays under $89,487, another dip isn't off the table. If sellers step in, we could see a second wave shake out, potentially pushing down to the $86,578 support zone. So watch that $89k level closely—it's the make-or-break point right now.