Bitcoin / South Korean won may rise to 86646800 - 87530500

Our pivot point is at 83383700.

Our preference

As long as 83383700 is support look for 87530500.

Alternative scenario

Below 83383700, expect 81904800 and 81024600.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 84604428 and 83610867).

Supports and resistances

89298000 **

88414300 *

87530500 **

86646800

84814510 last

83964700

83383700 **

81904800 *

81024600 **

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