Bitcoin / South Korean won may rise to 98285300 - 99005300

Our pivot point stands at 95457600.

Our preference

The upside prevails as long as 95457600 is support.

Alternative scenario

Below 95457600, expect 94253500 and 93536800.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 95312959 and 95178671). Finally, the Bitcoin / South Korean won is trading above its upper Bollinger band (standing at 96710815).

Supports and resistances

100445400 **

99725400 *

99005300 **

98285300

96792090 last

95930600

95457600 **

94253500 *

93536800 **

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