Bitcoin / South Korean won may rise to 96899700 - 97768100

93802400 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 93802400 would call for 92346800 and 91480400.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (94695955) but below its 50 period moving average (95212656).

Supports and resistances

99504900 **

98636500 *

97768100 **

96899700

95070093 last

94374200

93802400 **

92346800 *

91480400 **

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