Bitcoin / South Korean won may rise to 94311300 - 94966900

92118700 is our pivot point.

Our preference

The upside prevails as long as 92118700 is support.

Alternative scenario

The downside breakout of 92118700 would call for 91017400 and 90361800.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 92124308 and 92379562).

Supports and resistances

96278200 **

95622600 *

94966900 **

94311300

92997581 last

92551300

92118700 **

91017400 *

90361800 **

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