Bitcoin / South Korean won may rise to 89936400 - 90656900

Our pivot point stands at 87041300.

Our preference

As long as 87041300 is support look for 90656900.

Alternative scenario

Below 87041300, expect 85837700 and 85121300.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88195776 and 86905820).

Supports and resistances

92098000 **

91377500 *

90656900 **

89936400

88456060 last

87514100

87041300 **

85837700 *

85121300 **

Number of asterisks represents the strength of support and resistance levels.