Bitcoin / South Korean won may rise to 84466200 - 85340700

81543600 is our pivot point.

Our preference

The upside prevails as long as 81543600 is support.

Alternative scenario

The downside breakout of 81543600 would call for 80074800 and 79200500.

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 81949296 and 81821676).

Supports and resistances

87089700 **

86215200 *

85340700 **

84466200

82707384 last

82120600

81543600 **

80074800 *

79200500 **

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