Bitcoin / South Korean won may rise to 89492300 - 90134100

Our pivot point is at 87340100.

Our preference

As long as 87340100 is support look for 90134100.

Alternative scenario

The downside breakout of 87340100 would call for 86262100 and 85620400.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 87950351 and 86089264).

Supports and resistances

91417700 **

90775900 *

90134100 **

89492300

88191743 last

87763600

87340100 **

86262100 *

85620400 **

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