Bitcoin / South Korean won may rise to 95459400 - 96123000

93180100 is our pivot point.

Our preference

The upside prevails as long as 93180100 is support.

Alternative scenario

The downside breakout of 93180100 would call for 92066100 and 91403000.

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 93457376 and 92779175).

Supports and resistances

97450300 **

96786600 *

96123000 **

95459400

94121656 last

93617700

93180100 **

92066100 *

91403000 **

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