Bitcoin / South Korean won may rise to 93271200 - 93949600

Our pivot point is at 90970600.

Our preference

As long as 90970600 is support look for 93949600.

Alternative scenario

The downside breakout of 90970600 would call for 89831500 and 89153600.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 91592763 and 90405230).

Supports and resistances

95306300 **

94627900 *

93949600 **

93271200

91882230 last

91418000

90970600 **

89831500 *

89153600 **

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