Bitcoin / South Korean won may rise to 92439900 - 93167400

Our pivot point is at 89970300.

Our preference

As long as 89970300 is support look for 93167400.

Alternative scenario

The downside breakout of 89970300 would call for 88748700 and 88021700.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90934787 and 90662422).

Supports and resistances

94622500 **

93895000 *

93167400 **

92439900

90949911 last

90450100

89970300 **

88748700 *

88021700 **

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