Bitcoin / South Korean won may rise to 94290500 - 94976300

91507800 is our pivot point.

Our preference

The upside prevails as long as 91507800 is support.

Alternative scenario

The downside breakout of 91507800 would call for 90362100 and 89680100.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 91830632 and 91644794). Finally, the Bitcoin / South Korean won is trading above its upper Bollinger band (standing at 92677211).

Supports and resistances

96347800 **

95662000 *

94976300 **

94290500

92740804 last

91957900

91507800 **

90362100 *

89680100 **

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