Bitcoin / South Korean won may rise to 100109500 - 100973000

Our pivot point is at 97231700.

Our preference

As long as 97231700 is support look for 100973000.

Alternative scenario

The downside breakout of 97231700 would call for 95781200 and 94917800.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98350473 and 97425762).

Supports and resistances

102700000 **

101836500 *

100973000 **

100109500

98374089 last

97801600

97231700 **

95781200 *

94917800 **

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