Bitcoin / South Korean won may rise to 99417400 - 100275000

96115300 is our pivot point.

Our preference

The upside prevails as long as 96115300 is support.

Alternative scenario

The downside breakout of 96115300 would call for 94681400 and 93827900.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 96396826 and 96086000).

Supports and resistances

101990000 **

101132500 *

100275000 **

99417400

97241874 last

96678600

96115300 **

94681400 *

93827900 **

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