Bitcoin / South Korean won may rise to 86825900 - 87462000

Our pivot point stands at 84130800.

Our preference

As long as 84130800 is support look for 87462000.

Alternative scenario

The downside breakout of 84130800 would call for 83069600 and 82437900.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 84778777 and 82062398).

Supports and resistances

88734100 **

88098100 *

87462000 **

86825900

85431010 last

84547700

84130800 **

83069600 *

82437900 **

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