Bitcoin / South Korean won may rise to 95992400 - 96801300

Our pivot point stands at 93196000.

Our preference

The upside prevails as long as 93196000 is support.

Alternative scenario

The downside breakout of 93196000 would call for 91838600 and 91030700.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 94089955 and 93932546).

Supports and resistances

98419100 **

97610200 *

96801300 **

95992400

94286032 last

93729200

93196000 **

91838600 *

91030700 **

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