Bitcoin / South Korean won may rise to 99807500 - 100668400

Our pivot point is at 96846800.

Our preference

The upside prevails as long as 96846800 is support.

Alternative scenario

The downside breakout of 96846800 would call for 95402100 and 94542100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 97418391 and 96656526).

Supports and resistances

102390200 **

101529300 *

100668400 **

99807500

98069710 last

97414400

96846800 **

95402100 *

94542100 **

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