Bitcoin / South Korean won may rise to 95293900 - 95956400

Our pivot point stands at 93048500.

Our preference

As long as 93048500 is support look for 95956400.

Alternative scenario

The downside breakout of 93048500 would call for 91936000 and 91273900.

Comment

The RSI is above 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 93546236 and 92820587).

Supports and resistances

97281300 **

96618800 *

95956400 **

95293900

93946405 last

93485500

93048500 **

91936000 *

91273900 **

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