Cryptocurrency

Bitcoin / South Korean won may rise to 84215700 - 85074600

2024-08-20

Our pivot point stands at 81344300.

Our preference

The upside prevails as long as 81344300 is support.

Alternative scenario

Below 81344300, expect 79901600 and 79042900.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 81124303 and 81989569).

Supports and resistances

86792500 **

85933600 *

85074600 **

84215700

82497761 last

81911100

81344300 **

79901600 *

79042900 **

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

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


Author:

Paul Reid
Tradingtop

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