Bitcoin / South Korean won may rise to 96727100 - 97593900

Our pivot point is at 93611100.

Our preference

The upside prevails as long as 93611100 is support.

Alternative scenario

The downside breakout of 93611100 would call for 92158500 and 91293900.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94333314 and 94334622).

Supports and resistances

99327600 **

98460700 *

97593900 **

96727100

94794309 last

94181800

93611100 **

92158500 *

91293900 **

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