Bitcoin / South Korean won may rise to 84475500 - 85094300

Our pivot point is at 81393800.

Our preference

Rebound towards 85094300.

Alternative scenario

The downside breakout of 81393800 would call for 80367100 and 79756000.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (82779995) but under its 50 period moving average (84103641).

Supports and resistances

86332000 **

85713200 *

85094300 **

84475500

82820413 last

81797200

81393800 **

80367100 *

79756000 **

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