Bitcoin / South Korean won may rise to 92475000 - 93202800

Our pivot point stands at 89918400.

Our preference

Rebound.

Alternative scenario

The downside breakout of 89918400 would call for 88697600 and 87970900.

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 call for further upside. Moreover, the price is trading above its 20 period moving average (90378067) but under its 50 period moving average (91232599).

Supports and resistances

94658400 **

93930600 *

93202800 **

92475000

91009121 last

90398000

89918400 **

88697600 *

87970900 **

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