Bitcoin / South Korean won may rise to 81386800 - 81983100

Our pivot point is at 79382300.

Our preference

As long as 79382300 is support look for 81983100.

Alternative scenario

The downside breakout of 79382300 would call for 78381000 and 77785000.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 79971786 and 78504390).

Supports and resistances

83175500 **

82579300 *

81983100 **

81386800

80185005 last

79775700

79382300 **

78381000 *

77785000 **

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