Bitcoin / South Korean won may rise to 85672000 - 86299600

Our pivot point stands at 82644300.

Our preference

Rebound.

Alternative scenario

The downside breakout of 82644300 would call for 81601800 and 80981300.

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 is trading above its 20 period moving average (82841701) but under its 50 period moving average (84263587).

Supports and resistances

87554800 **

86927200 *

86299600 **

85672000

83554095 last

83053900

82644300 **

81601800 *

80981300 **

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