Bitcoin / South Korean won may rise to 95568700 - 101674300

Our pivot point stands at 73554800.

Our preference

Rebound towards 101674300.

Alternative scenario

The downside breakout of 73554800 would call for 63534900 and 57570700.

Comment

The RSI is below 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 83247877 and 86267740).

Supports and resistances

113885500 **

107779900 *

101674300 **

95568700

82728217 last

77491200

73554800 **

63534900 *

57570700 **

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