Bitcoin / South Korean won may rise to 82493200 - 83087500

Our pivot point stands at 80211700.

Our preference

The upside prevails as long as 80211700 is support.

Alternative scenario

The downside breakout of 80211700 would call for 79217100 and 78625100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 80888228 and 80566347).

Supports and resistances

84276100 **

83681800 *

83087500 **

82493200

81228967 last

80602400

80211700 **

79217100 *

78625100 **

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