Bitcoin / South Korean won may rise to 96500700 - 97207600

94091700 is our pivot point.

Our preference

The upside prevails as long as 94091700 is support.

Alternative scenario

Below 94091700, expect 92904800 and 92198400.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94193939 and 93915527).

Supports and resistances

98621500 **

97914500 *

97207600 **

96500700

95073151 last

94558000

94091700 **

92904800 *

92198400 **

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