Bitcoin / South Korean won may rise to 93385200 - 94064300

Our pivot point stands at 90657400.

Our preference

The upside prevails as long as 90657400 is support.

Alternative scenario

The downside breakout of 90657400 would call for 89522300 and 88846700.

Comment

The RSI is above 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 90833450 and 89413627).

Supports and resistances

95422700 **

94743500 *

94064300 **

93385200

91781062 last

91103300

90657400 **

89522300 *

88846700 **

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