Cryptocurrency

Bitcoin / South Korean won may rise to 91945300 - 92614000

2024-10-16

89236700 is our pivot point.

Our preference

The upside prevails as long as 89236700 is support.

Alternative scenario

Below 89236700, expect 88119400 and 87454300.

Comment

The RSI is above its neutrality area at 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 88964902 and 87620258).

Supports and resistances

93951400 **

93282700 *

92614000 **

91945300

90534129 last

89675600

89236700 **

88119400 *

87454300 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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