Bitcoin / South Korean won may rise to 100159500 - 101023400

Our pivot point stands at 96962800.

Our preference

As long as 96962800 is support look for 101023400.

Alternative scenario

Below 96962800, expect 95516300 and 94655300.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98245356 and 97213478).

Supports and resistances

102751300 **

101887400 *

101023400 **

100159500

98374562 last

97531100

96962800 **

95516300 *

94655300 **

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