Bitcoin / South Korean won may rise to 83861700 - 84730000

80970600 is our pivot point.

Our preference

As long as 80970600 is support look for 84730000.

Alternative scenario

The downside breakout of 80970600 would call for 79512100 and 78644000.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 81997467 and 81785111).

Supports and resistances

86466400 **

85598200 *

84730000 **

83861700

82116558 last

81543600

80970600 **

79512100 *

78644000 **

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