Bitcoin / South Korean won may rise to 93871100 - 94553800

Our pivot point is at 90924600.

Our preference

Rebound towards 94553800.

Alternative scenario

The downside breakout of 90924600 would call for 89786100 and 89108500.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 92390354 and 93140174).

Supports and resistances

95919300 **

95236500 *

94553800 **

93871100

91978854 last

91371800

90924600 **

89786100 *

89108500 **

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