Bitcoin / South Korean won may rise to 83046300 - 83906100

79768100 is our pivot point.

Our preference

Rebound towards 83906100.

Alternative scenario

The downside breakout of 79768100 would call for 78331300 and 77476100.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (81047324) but under its 50 period moving average (81484867).

Supports and resistances

85625700 **

84765900 *

83906100 **

83046300

81192014 last

80332600

79768100 **

78331300 *

77476100 **

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