Bitcoin / South Korean won may rise to 96905500 - 97774000

Our pivot point stands at 93508100.

Our preference

The upside prevails as long as 93508100 is support.

Alternative scenario

The downside breakout of 93508100 would call for 92057100 and 91193400.

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 95007196 and 94786314).

Supports and resistances

99510900 **

98642400 *

97774000 **

96905500

95143514 last

94078100

93508100 **

92057100 *

91193400 **

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