Bitcoin / South Korean won may rise to 94064800 - 94718700

Our pivot point stands at 91687100.

Our preference

As long as 91687100 is support look for 94718700.

Alternative scenario

The downside breakout of 91687100 would call for 90590900 and 89938400.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 92648402 and 92660705).

Supports and resistances

96026600 **

95372700 *

94718700 **

94064800

92687727 last

92117700

91687100 **

90590900 *

89938400 **

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