Bitcoin / South Korean won may rise to 107657100 - 113493700

Our pivot point stands at 88273700.

Our preference

The upside prevails as long as 88273700 is support.

Alternative scenario

The downside breakout of 88273700 would call for 78468800 and 72632600.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94790288 and 92031890).

Supports and resistances

125167000 **

119330300 *

113493700 **

107657100

95983225 last

92125600

88273700 **

78468800 *

72632600 **

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