Bitcoin / South Korean won may rise to 100897300 - 101767600

Our pivot point is at 97635600.

Our preference

The upside prevails as long as 97635600 is support.

Alternative scenario

The downside breakout of 97635600 would call for 96179100 and 95312100.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 98663641 and 98560072).

Supports and resistances

103508100 **

102637900 *

101767600 **

100897300

99055158 last

98207800

97635600 **

96179100 *

95312100 **

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