Bitcoin / South Korean won may rise to 94233700 - 94888800

Our pivot point stands at 91737000.

Our preference

Rebound.

Alternative scenario

The downside breakout of 91737000 would call for 90640200 and 89987400.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (92399615) but under its 50 period moving average (92908264).

Supports and resistances

96199000 **

95543900 *

94888800 **

94233700

92832680 last

92167900

91737000 **

90640200 *

89987400 **

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