Bitcoin / South Korean won may rise to 95380700 - 96043800

Our pivot point stands at 92717000.

Our preference

The upside prevails as long as 92717000 is support.

Alternative scenario

Below 92717000, expect 91608500 and 90948700.

Comment

The RSI is above 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 93185785 and 92657120). Finally, the Bitcoin / South Korean won has crossed above its upper Bollinger band (94028013).

Supports and resistances

97370000 **

96706900 *

96043800 **

95380700

94029320 last

93152500

92717000 **

91608500 *

90948700 **

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