Bitcoin / South Korean won may rise to 86644000 - 87278700

83905200 is our pivot point.

Our preference

As long as 83905200 is support look for 87278700.

Alternative scenario

The downside breakout of 83905200 would call for 82846800 and 82216800.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (85246650) but above its 50 period moving average (82365299).

Supports and resistances

88548100 **

87913400 *

87278700 **

86644000

84943328 last

84321000

83905200 **

82846800 *

82216800 **

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