Bitcoin / South Korean won may rise to 83287100 - 83897200

Our pivot point is at 79730500.

Our preference

The upside prevails as long as 79730500 is support.

Alternative scenario

Below 79730500, expect 78724700 and 78126100.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 79922385 and 80304030).

Supports and resistances

85117500 **

84507300 *

83897200 **

83287100

81437363 last

80125600

79730500 **

78724700 *

78126100 **

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