Bitcoin / South Korean won may rise to 93012800 - 93689200

90738200 is our pivot point.

Our preference

As long as 90738200 is support look for 93689200.

Alternative scenario

The downside breakout of 90738200 would call for 89602100 and 88925900.

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 91488234 and 90268170).

Supports and resistances

95042200 **

94365700 *

93689200 **

93012800

91644771 last

91184600

90738200 **

89602100 *

88925900 **

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