Bitcoin / South Korean won may rise to 86678400 - 87562500

Our pivot point is at 83732100.

Our preference

The upside prevails as long as 83732100 is support.

Alternative scenario

The downside breakout of 83732100 would call for 82247100 and 81363200.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84156716 and 83408135).

Supports and resistances

89330600 **

88446500 *

87562500 **

86678400

84908857 last

84315600

83732100 **

82247100 *

81363200 **

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