Bitcoin / South Korean won may rise to 86791000 - 87426800

Our pivot point is at 84189400.

Our preference

As long as 84189400 is support look for 87426800.

Alternative scenario

The downside breakout of 84189400 would call for 83127400 and 82495300.

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 84372349 and 81893795).

Supports and resistances

88698400 **

88062600 *

87426800 **

86791000

85512470 last

84606600

84189400 **

83127400 *

82495300 **

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