Bitcoin / South Korean won may rise to 84830000 - 85708200

Our pivot point stands at 81135300.

Our preference

The upside prevails as long as 81135300 is support.

Alternative scenario

The downside breakout of 81135300 would call for 79673800 and 78803900.

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 81296397 and 81623717). Finally, the Bitcoin / South Korean won has crossed above its upper Bollinger band (82352817).

Supports and resistances

87464700 **

86586500 *

85708200 **

84830000

82875062 last

81709400

81135300 **

79673800 *

78803900 **

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