Bitcoin / South Korean won may rise to 86644100 - 87527800

Our pivot point stands at 83186700.

Our preference

As long as 83186700 is support look for 87527800.

Alternative scenario

The downside breakout of 83186700 would call for 81711300 and 80833100.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84384561 and 83501230).

Supports and resistances

89295300 **

88411600 *

87527800 **

86644100

84782253 last

83766300

83186700 **

81711300 *

80833100 **

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