Bitcoin / South Korean won may rise to 100569600 - 105266000

Our pivot point stands at 84928300.

Our preference

Our next up target stands at 105266000.

Alternative scenario

The downside breakout of 84928300 would call for 77042900 and 72349200.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 84471641 and 90091116).

Supports and resistances

114658800 **

109962400 *

105266000 **

100569600

91176170 last

88026100

84928300 **

77042900 *

72349200 **

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