Bitcoin / South Korean won may rise to 89539600 - 90181700

86898500 is our pivot point.

Our preference

As long as 86898500 is support look for 90181700.

Alternative scenario

The downside breakout of 86898500 would call for 85826000 and 85187600.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (88118069) but above its 50 period moving average (86345962).

Supports and resistances

91466100 **

90823900 *

90181700 **

89539600

88116265 last

87319900

86898500 **

85826000 *

85187600 **

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