Bitcoin / South Korean won may rise to 95219200 - 95916700

Our pivot point is at 92619600.

Our preference

Rebound towards 95916700.

Alternative scenario

The downside breakout of 92619600 would call for 91451300 and 90755800.

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 93959456 and 94883512).

Supports and resistances

97311800 **

96614300 *

95916700 **

95219200

93677550 last

93078500

92619600 **

91451300 *

90755800 **

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