Bitcoin / South Korean won may rise to 84634300 - 85497500

Our pivot point stands at 81351800.

Our preference

The upside prevails as long as 81351800 is support.

Alternative scenario

The downside breakout of 81351800 would call for 79909000 and 79050100.

Comment

The RSI is above its neutrality area at 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 81810410 and 81977176).

Supports and resistances

87224000 **

86360800 *

85497500 **

84634300

82495956 last

81918600

81351800 **

79909000 *

79050100 **

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