Bitcoin / South Korean won may rise to 92395000 - 93122100

89912900 is our pivot point.

Our preference

The upside prevails as long as 89912900 is support.

Alternative scenario

The downside breakout of 89912900 would call for 88692100 and 87965500.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90809613 and 90835919).

Supports and resistances

94576500 **

93849300 *

93122100 **

92395000

90877186 last

90392400

89912900 **

88692100 *

87965500 **

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