Bitcoin / South Korean won may rise to 97256300 - 98127900

Our pivot point is at 94183800.

Our preference

The upside prevails as long as 94183800 is support.

Alternative scenario

The downside breakout of 94183800 would call for 92722300 and 91852300.

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 95214405 and 94920765).

Supports and resistances

99871000 **

98999400 *

98127900 **

97256300

95409686 last

94757900

94183800 **

92722300 *

91852300 **

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