Bitcoin / South Korean won may rise to 96622300 - 97488200

93709800 is our pivot point.

Our preference

The upside prevails as long as 93709800 is support.

Alternative scenario

The downside breakout of 93709800 would call for 92255600 and 91390100.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 94749785 and 94701797).

Supports and resistances

99220000 **

98354100 *

97488200 **

96622300

94862306 last

94281000

93709800 **

92255600 *

91390100 **

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