Bitcoin / South Korean won may rise to 85088800 - 85956700

81706400 is our pivot point.

Our preference

The upside prevails as long as 81706400 is support.

Alternative scenario

Below 81706400, expect 80257300 and 79394700.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 81641362 and 81897282). Finally, the Bitcoin / South Korean won has crossed above its upper Bollinger band (82927005).

Supports and resistances

87692400 **

86824600 *

85956700 **

85088800

83215067 last

82275700

81706400 **

80257300 *

79394700 **

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