Bitcoin / South Korean won may rise to 89944500 - 90589600

Our pivot point is at 87642000.

Our preference

As long as 87642000 is support look for 90589600.

Alternative scenario

The downside breakout of 87642000 would call for 86560200 and 85916400.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88258714 and 86502034).

Supports and resistances

91879700 **

91234600 *

90589600 **

89944500

88626529 last

88066900

87642000 **

86560200 *

85916400 **

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