Bitcoin / South Korean won may rise to 92364700 - 93036500

Our pivot point is at 89835700.

Our preference

As long as 89835700 is support look for 93036500.

Alternative scenario

The downside breakout of 89835700 would call for 88710900 and 88041400.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 90509418 and 89055033).

Supports and resistances

94380000 **

93708200 *

93036500 **

92364700

90998003 last

90277600

89835700 **

88710900 *

88041400 **

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