Bitcoin / South Korean won may rise to 91490600 - 92160800

Our pivot point is at 89080400.

Our preference

Rebound.

Alternative scenario

Below 89080400, expect 87956700 and 87287900.

Comment

The RSI is above its neutrality area at 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 stands above its 20 period moving average (89901934) but below its 50 period moving average (90279449).

Supports and resistances

93501300 **

92831100 *

92160800 **

91490600

89963522 last

89521800

89080400 **

87956700 *

87287900 **

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