Bitcoin / South Korean won may rise to 82802900 - 83647400

Our pivot point is at 79969000.

Our preference

Rebound towards 83647400.

Alternative scenario

The downside breakout of 79969000 would call for 78550700 and 77706500.

Comment

The RSI is below 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 81703596 and 82645258).

Supports and resistances

85336500 **

84492000 *

83647400 **

82802900

81113553 last

80526200

79969000 **

78550700 *

77706500 **

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