Bitcoin / South Korean won may rise to 96627600 - 97335500

Our pivot point is at 94007000.

Our preference

As long as 94007000 is support look for 97335500.

Alternative scenario

Below 94007000, expect 92821200 and 92115400.

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 94640104 and 93135308).

Supports and resistances

98751200 **

98043300 *

97335500 **

96627600

94990089 last

94472900

94007000 **

92821200 *

92115400 **

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