Cryptocurrency

Bitcoin / South Korean won may rise to 93022100 - 93698700

2024-10-17

Our pivot point is at 90371200.

Our preference

As long as 90371200 is support look for 93698700.

Alternative scenario

Below 90371200, expect 89239700 and 88566200.

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 trading under its 20 period moving average (91618250) but above its 50 period moving average (91053304).

Supports and resistances

95051700 **

94375200 *

93698700 **

93022100

91545932 last

90815700

90371200 **

89239700 *

88566200 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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