Bitcoin has broken through the 236 Fibonacci retracement level at 89000. As long as Bitcoin remains above 89400, a move to 95000 is anticipated. The 382 retracement from the all-time high sits on top or below the downtrend. The downtrend and retracement level must be broken to confirm the move down is complete. Failure to break over 95000 and the downtrend signals bearishness, potentially leading back to the low. Conversely, if Bitcoin surpasses 95000 and the downtrend, a bottom confirmation is possible, with a rally to 106000 or even higher to 114000. A bull trap confirmation would occur with failure to break over 106000, suggesting much lower prices.