Bitcoin / South Korean won may rise to 100554100 - 101421400

Our pivot point stands at 97283800.

Our preference

As long as 97283800 is support look for 101421400.

Alternative scenario

The downside breakout of 97283800 would call for 95832500 and 94968600.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (98523692) but above its 50 period moving average (98288355).

Supports and resistances

103156100 **

102288800 *

101421400 **

100554100

98491194 last

97853900

97283800 **

95832500 *

94968600 **

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