Bitcoin / South Korean won may rise to 95409500 - 96213500

Our pivot point is at 92668000.

Our preference

Rebound towards 96213500.

Alternative scenario

The downside breakout of 92668000 would call for 91318300 and 90515000.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93855877 and 94194559).

Supports and resistances

97821500 **

97017500 *

96213500 **

95409500

93738251 last

93198200

92668000 **

91318300 *

90515000 **

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