Bitcoin / South Korean won may rise to 97166500 - 103363000

Our pivot point is at 75995600.

Our preference

Rebound towards 103363000.

Alternative scenario

The downside breakout of 75995600 would call for 65667000 and 59519000.

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 stands above its 20 period moving average (83582939) but below its 50 period moving average (86488788).

Supports and resistances

115755800 **

109559400 *

103363000 **

97166500

84214511 last

80053300

75995600 **

65667000 *

59519000 **

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