Cryptocurrency

Bitcoin / South Korean won may rise to 82840400 - 83685300

2024-08-20

Our pivot point is at 79712800.

Our preference

Rebound towards 83685300.

Alternative scenario

Below 79712800, expect 78299000 and 77457500.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (80898591) but under its 50 period moving average (82119575).

Supports and resistances

85375100 **

84530200 *

83685300 **

82840400

80982476 last

80268200

79712800 **

78299000 *

77457500 **

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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