Bitcoin / South Korean won may rise to 91945000 - 92618600

89492200 is our pivot point.

Our preference

Rebound towards 92618600.

Alternative scenario

The downside breakout of 89492200 would call for 88363400 and 87691400.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91104504 and 92053020).

Supports and resistances

93965700 **

93292200 *

92618600 **

91945000

90596975 last

89935700

89492200 **

88363400 *

87691400 **

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