Bitcoin / South Korean won may rise to 99522700 - 100361300

Our pivot point stands at 96018600.

Our preference

The upside prevails as long as 96018600 is support.

Alternative scenario

The downside breakout of 96018600 would call for 94620100 and 93787700.

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 95396576 and 95703797). Finally, the Bitcoin / South Korean won has crossed above its upper Bollinger band (96932040).

Supports and resistances

102038600 **

101200000 *

100361300 **

99522700

97170619 last

96568000

96018600 **

94620100 *

93787700 **

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