Bitcoin / South Korean won may rise to 95481200 - 96145000

Our pivot point stands at 93269300.

Our preference

As long as 93269300 is support look for 96145000.

Alternative scenario

The downside breakout of 93269300 would call for 92154200 and 91490500.

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 93702316 and 92879801).

Supports and resistances

97472600 **

96808800 *

96145000 **

95481200

94153587 last

93707300

93269300 **

92154200 *

91490500 **

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