Bitcoin / South Korean won may rise to 85015300 - 85587000

82351600 is our pivot point.

Our preference

Rebound towards 85587000.

Alternative scenario

The downside breakout of 82351600 would call for 81399900 and 80833400.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (82918342) but below its 50 period moving average (84738481).

Supports and resistances

86730500 **

86158800 *

85587000 **

85015300

83430047 last

82725400

82351600 **

81399900 *

80833400 **

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