Bitcoin / South Korean won may rise to 83250300 - 84112200

Our pivot point is at 79733800.

Our preference

Rebound towards 84112200.

Alternative scenario

Below 79733800, expect 78297600 and 77442800.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (81107501) but below its 50 period moving average (81440661).

Supports and resistances

85836000 **

84974100 *

84112200 **

83250300

81167660 last

80298100

79733800 **

78297600 *

77442800 **

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