Bitcoin / South Korean won may rise to 102045100 - 106585900

Our pivot point stands at 85302600.

Our preference

The upside prevails as long as 85302600 is support.

Alternative scenario

The downside breakout of 85302600 would call for 77820300 and 73366600.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 87457059 and 83662142).

Supports and resistances

115667500 **

111126700 *

106585900 **

102045100

92014312 last

88242100

85302600 **

77820300 *

73366600 **

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