Bitcoin / South Korean won may rise to 83086400 - 83645100

Our pivot point stands at 80979100.

Our preference

As long as 80979100 is support look for 83645100.

Alternative scenario

The downside breakout of 80979100 would call for 80043300 and 79486300.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (82094464) but above its 50 period moving average (80858799).

Supports and resistances

84762600 **

84203900 *

83645100 **

83086400

81832403 last

81346700

80979100 **

80043300 *

79486300 **

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