Bitcoin / South Korean won may rise to 108817600 - 114593600

Our pivot point stands at 89635800.

Our preference

As long as 89635800 is support look for 114593600.

Alternative scenario

The downside breakout of 89635800 would call for 79932700 and 74157000.

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 above its 20 and 50 period moving average (respectively at 96227690 and 92560715).

Supports and resistances

126145600 **

120369600 *

114593600 **

108817600

97259603 last

93447700

89635800 **

79932700 *

74157000 **

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