Bitcoin / South Korean won may rise to 91582000 - 92252900

88912500 is our pivot point.

Our preference

Rebound towards 92252900.

Alternative scenario

The downside breakout of 88912500 would call for 87791000 and 87123400.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 90645517 and 91786897).

Supports and resistances

93594700 **

92923800 *

92252900 **

91582000

90191176 last

89353100

88912500 **

87791000 *

87123400 **

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