Bitcoin / South Korean won may rise to 85146800 - 85770600

Our pivot point is at 82920100.

Our preference

Rebound.

Alternative scenario

The downside breakout of 82920100 would call for 81874200 and 81251600.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (82884528) but below its 50 period moving average (84370822).

Supports and resistances

87018100 **

86394300 *

85770600 **

85146800

83741971 last

83331100

82920100 **

81874200 *

81251600 **

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