Bitcoin / South Korean won may rise to 100626900 - 101494800

Our pivot point is at 97483600.

Our preference

The upside prevails as long as 97483600 is support.

Alternative scenario

The downside breakout of 97483600 would call for 96029400 and 95163700.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98409787 and 98050585). Finally, the Bitcoin / South Korean won is trading above its upper Bollinger band (standing at 98746693).

Supports and resistances

103230700 **

102362800 *

101494800 **

100626900

98814979 last

98055000

97483600 **

96029400 *

95163700 **

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