Bitcoin / South Korean won may rise to 88946800 - 89584800

Our pivot point stands at 86799500.

Our preference

As long as 86799500 is support look for 89584800.

Alternative scenario

The downside breakout of 86799500 would call for 85728200 and 85090500.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (88021085) but above its 50 period moving average (86203038).

Supports and resistances

90860600 **

90222700 *

89584800 **

88946800

87671012 last

87220400

86799500 **

85728200 *

85090500 **

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