Bitcoin / South Korean won may rise to 94164800 - 94905900

Our pivot point is at 91367600.

Our preference

Our next up target stands at 94905900.

Alternative scenario

The downside breakout of 91367600 would call for 90127100 and 89388800.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 91779139 and 92382619).

Supports and resistances

96388100 **

95647000 *

94905900 **

94164800

92605527 last

91855000

91367600 **

90127100 *

89388800 **

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