Bitcoin / South Korean won may rise to 84770500 - 85635100

Our pivot point stands at 81634900.

Our preference

As long as 81634900 is support look for 85635100.

Alternative scenario

The downside breakout of 81634900 would call for 80187000 and 79325200.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (83102954) but above its 50 period moving average (82820865).

Supports and resistances

87364300 **

86499700 *

85635100 **

84770500

83031112 last

82203700

81634900 **

80187000 *

79325200 **

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