Bitcoin / South Korean won may rise to 97866700 - 102406500

Our pivot point is at 81661200.

Our preference

The upside prevails as long as 81661200 is support.

Alternative scenario

The downside breakout of 81661200 would call for 74138700 and 69661000.

Comment

The RSI is above 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 84569015 and 81883929).

Supports and resistances

111486200 **

106946400 *

102406500 **

97866700

88567875 last

84616400

81661200 **

74138700 *

69661000 **

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