Bitcoin / South Korean won may rise to 92440700 - 93117900

Our pivot point stands at 89372200.

Our preference

As long as 89372200 is support look for 93117900.

Alternative scenario

The downside breakout of 89372200 would call for 88244900 and 87573800.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90770146 and 89757744).

Supports and resistances

94472300 **

93795100 *

93117900 **

92440700

90931397 last

89815100

89372200 **

88244900 *

87573800 **

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