Cryptocurrency

Bitcoin / South Korean won may rise to 83342900 - 84193000

2024-08-16

79398900 is our pivot point.

Our preference

Rebound towards 84193000.

Alternative scenario

The downside breakout of 79398900 would call for 77990700 and 77152500.

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 81265189 and 82118285).

Supports and resistances

85893100 **

85043000 *

84193000 **

83342900

81161156 last

79952100

79398900 **

77990700 *

77152500 **

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

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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