Bitcoin / South Korean won may rise to 83994500 - 84609800

Our pivot point is at 81670100.

Our preference

Rebound towards 84609800.

Alternative scenario

The downside breakout of 81670100 would call for 80640000 and 80026800.

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 stands below its 20 and 50 period moving average (respectively at 83090143 and 83623778).

Supports and resistances

85840400 **

85225100 *

84609800 **

83994500

82514774 last

82074900

81670100 **

80640000 *

80026800 **

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