Bitcoin / South Korean won may rise to 97726000 - 98601800

Our pivot point is at 94069600.

Our preference

The upside prevails as long as 94069600 is support.

Alternative scenario

The downside breakout of 94069600 would call for 92609900 and 91741000.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94699881 and 94441875).

Supports and resistances

100353400 **

99477600 *

98601800 **

97726000

95316430 last

94643100

94069600 **

92609900 *

91741000 **

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