Bitcoin / South Korean won may rise to 97382000 - 98254700

94467200 is our pivot point.

Our preference

The upside prevails as long as 94467200 is support.

Alternative scenario

The downside breakout of 94467200 would call for 93001300 and 92128800.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 95168341 and 94888330).

Supports and resistances

100000100 **

99127400 *

98254700 **

97382000

95636545 last

95043100

94467200 **

93001300 *

92128800 **

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