Bitcoin / South Korean won may rise to 87018800 - 87656300

Our pivot point is at 84759100.

Our preference

As long as 84759100 is support look for 87656300.

Alternative scenario

Below 84759100, expect 83690000 and 83053600.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 85551708 and 85340603).

Supports and resistances

88931200 **

88293800 *

87656300 **

87018800

85672071 last

85179100

84759100 **

83690000 *

83053600 **

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