Bitcoin Rallies After Clearing 200-Hour Moving Average, Eyes $94,229

As per Bpaynews, Bitcoin rebounded sharply after a late-November dip, reclaiming key moving averages and breaking higher in early-week trade. The price cleared the 200-hour moving average near $87,691, signaling improved bullish momentum. The market is now testing resistance around $89,156–$89,222, with the 38.2% Fibonacci retracement at $94,229 as the next key target. Support remains at the 200-hour and 100-hour moving averages. A sustained close above $89,222 would strengthen the case for a push toward $94,229, while a break below the 200-hour MA could invalidate the bullish setup.