Bitcoin / South Korean won may rise to 94221200 - 94911400

Our pivot point stands at 91475000.

Our preference

Rebound.

Alternative scenario

Below 91475000, expect 90321100 and 89634300.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (92390883) but below its 50 period moving average (93336764).

Supports and resistances

96291900 **

95601700 *

94911400 **

94221200

92703503 last

91928300

91475000 **

90321100 *

89634300 **

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