Bitcoin / South Korean won may rise to 94492500 - 95179700

Our pivot point is at 92078700.

Our preference

As long as 92078700 is support look for 95179700.

Alternative scenario

The downside breakout of 92078700 would call for 90925800 and 90239500.

Comment

The RSI is above 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 (93172839) but above its 50 period moving average (92793247).

Supports and resistances

96554200 **

95867000 *

95179700 **

94492500

93076251 last

92531600

92078700 **

90925800 *

90239500 **

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