Bitcoin / South Korean won may rise to 100613700 - 101481600

Our pivot point is at 97538600.

Our preference

The upside prevails as long as 97538600 is support.

Alternative scenario

The downside breakout of 97538600 would call for 96083500 and 95217300.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 98628933 and 98451346).

Supports and resistances

103217200 **

102349400 *

101481600 **

100613700

98696503 last

98110200

97538600 **

96083500 *

95217300 **

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