Bitcoin / South Korean won may rise to 82035600 - 82636500

79358200 is our pivot point.

Our preference

The upside prevails as long as 79358200 is support.

Alternative scenario

The downside breakout of 79358200 would call for 78357100 and 77761300.

Comment

The RSI is above 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 80006769 and 78794115).

Supports and resistances

83838500 **

83237500 *

82636500 **

82035600

80673975 last

79751400

79358200 **

78357100 *

77761300 **

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