Bitcoin / South Korean won may rise to 86306000 - 87186300

Our pivot point stands at 83360600.

Our preference

The upside prevails as long as 83360600 is support.

Alternative scenario

The downside breakout of 83360600 would call for 81882100 and 81002100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 83930662 and 83313347).

Supports and resistances

88946800 **

88066500 *

87186300 **

86306000

84522214 last

83941400

83360600 **

81882100 *

81002100 **

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