Bitcoin / South Korean won may rise to 98758000 - 99590200

94650400 is our pivot point.

Our preference

Rise to 99590200.

Alternative scenario

Below 94650400, expect 93271900 and 92451300.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under its 20 period moving average (95987168) but above its 50 period moving average (95676458).

Supports and resistances

101254700 **

100422500 *

99590200 **

98758000

95786829 last

95192000

94650400 **

93271900 *

92451300 **

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