Bitcoin / South Korean won may rise to 92074800 - 92749400

Our pivot point is at 89831900.

Our preference

Rebound.

Alternative scenario

Below 89831900, expect 88698800 and 88024300.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (90401226) but below its 50 period moving average (91165751).

Supports and resistances

94098400 **

93423900 *

92749400 **

92074800

90722269 last

90277100

89831900 **

88698800 *

88024300 **

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