Bitcoin / South Korean won may rise to 96531400 - 97396500

93460300 is our pivot point.

Our preference

Rebound towards 97396500.

Alternative scenario

Below 93460300, expect 92010000 and 91146700.

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 under both its 20 and 50 period moving average (respectively at 94655804 and 95170417).

Supports and resistances

99126700 **

98261600 *

97396500 **

96531400

94600920 last

94030000

93460300 **

92010000 *

91146700 **

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