Bitcoin / South Korean won may rise to 99938600 - 100800600

Our pivot point stands at 96978700.

Our preference

As long as 96978700 is support look for 100800600.

Alternative scenario

The downside breakout of 96978700 would call for 95531900 and 94670800.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (98368841) but above its 50 period moving average (97593721).

Supports and resistances

102524600 **

101662600 *

100800600 **

99938600

98162058 last

97547000

96978700 **

95531900 *

94670800 **

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