Bitcoin / South Korean won may rise to 84831400 - 85709600

81249800 is our pivot point.

Our preference

The upside prevails as long as 81249800 is support.

Alternative scenario

The downside breakout of 81249800 would call for 79786200 and 78915100.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 82537509 and 81751008).

Supports and resistances

87466200 **

86587900 *

85709600 **

84831400

82549901 last

81824700

81249800 **

79786200 *

78915100 **

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