Bitcoin / South Korean won may rise to 96693200 - 97559700

Our pivot point stands at 93293800.

Our preference

Rebound.

Alternative scenario

The downside breakout of 93293800 would call for 91846100 and 90984400.

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 is trading above its 20 period moving average (94619553) but under its 50 period moving average (95413641).

Supports and resistances

99292800 **

98426200 *

97559700 **

96693200

94950537 last

93862500

93293800 **

91846100 *

90984400 **

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