Bitcoin / South Korean won may rise to 96674600 - 97489300

Our pivot point stands at 93590100.

Our preference

Rebound.

Alternative scenario

Below 93590100, expect 92227000 and 91415600.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (94720385) but below its 50 period moving average (95458897).

Supports and resistances

99118600 **

98304000 *

97489300 **

96674600

94943163 last

94125600

93590100 **

92227000 *

91415600 **

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