Bitcoin / South Korean won may rise to 85267800 - 85892400

Our pivot point is at 82433700.

Our preference

The upside prevails as long as 82433700 is support.

Alternative scenario

Below 82433700, expect 81393800 and 80774900.

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 81500331 and 80783695).

Supports and resistances

87141700 **

86517100 *

85892400 **

85267800

83999904 last

82842200

82433700 **

81393800 *

80774900 **

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