Bitcoin / South Korean won may rise to 94282100 - 94972700

Our pivot point stands at 91521400.

Our preference

Rebound towards 94972700.

Alternative scenario

The downside breakout of 91521400 would call for 90367000 and 89679800.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (92634039) but under its 50 period moving average (93824850).

Supports and resistances

96354100 **

95663400 *

94972700 **

94282100

92738045 last

91975000

91521400 **

90367000 *

89679800 **

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