Bitcoin / South Korean won may rise to 97924400 - 98769000

Our pivot point is at 95063900.

Our preference

As long as 95063900 is support look for 98769000.

Alternative scenario

Below 95063900, expect 93645700 and 92801500.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (96270268) but above its 50 period moving average (95599982).

Supports and resistances

100458300 **

99613700 *

98769000 **

97924400

96212695 last

95621000

95063900 **

93645700 *

92801500 **

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