Bitcoin / South Korean won may rise to 92414500 - 93086600

Our pivot point is at 89878300.

Our preference

As long as 89878300 is support look for 93086600.

Alternative scenario

The downside breakout of 89878300 would call for 88752900 and 88083100.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90303550 and 88869593).

Supports and resistances

94430900 **

93758700 *

93086600 **

92414500

90893549 last

90320400

89878300 **

88752900 *

88083100 **

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