Bitcoin / South Korean won may rise to 84324200 - 85197200

Our pivot point stands at 81071900.

Our preference

The upside prevails as long as 81071900 is support.

Alternative scenario

The downside breakout of 81071900 would call for 79611600 and 78742300.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82173682 and 81925638).

Supports and resistances

86943300 **

86070200 *

85197200 **

84324200

82478546 last

81645600

81071900 **

79611600 *

78742300 **

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