Bitcoin / South Korean won may rise to 88792700 - 89504100

Our pivot point is at 86424500.

Our preference

The upside prevails as long as 86424500 is support.

Alternative scenario

Below 86424500, expect 85229500 and 84518100.

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 86668779 and 86618186).

Supports and resistances

90926900 **

90215500 *

89504100 **

88792700

87369927 last

86894000

86424500 **

85229500 *

84518100 **

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