Bitcoin / South Korean won may rise to 93971600 - 94655000

Our pivot point stands at 91521900.

Our preference

The upside prevails as long as 91521900 is support.

Alternative scenario

Below 91521900, expect 90376000 and 89693900.

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 91932208 and 91707414).

Supports and resistances

96021900 **

95338500 *

94655000 **

93971600

92439703 last

91972100

91521900 **

90376000 *

89693900 **

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