Bitcoin / South Korean won may rise to 96512700 - 97219700

Our pivot point stands at 93907200.

Our preference

Our next up target stands at 97219700.

Alternative scenario

The downside breakout of 93907200 would call for 92722600 and 92017500.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94758612 and 94887284).

Supports and resistances

98633700 **

97926700 *

97219700 **

96512700

94898423 last

94372500

93907200 **

92722600 *

92017500 **

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