Bitcoin / South Korean won may rise to 84741300 - 85362100

82300700 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 82300700 would call for 81262600 and 80644700.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (82911082) but under its 50 period moving average (83833106).

Supports and resistances

86603600 **

85982800 *

85362100 **

84741300

83480033 last

82708600

82300700 **

81262600 *

80644700 **

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