Bitcoin / South Korean won may rise to 82833100 - 83429900

80198400 is our pivot point.

Our preference

The upside prevails as long as 80198400 is support.

Alternative scenario

The downside breakout of 80198400 would call for 79204000 and 78612100.

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 above its 20 and 50 period moving average (respectively at 80540635 and 80621702).

Supports and resistances

84623400 **

84026600 *

83429900 **

82833100

81348269 last

80589100

80198400 **

79204000 *

78612100 **

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