Bitcoin / South Korean won may rise to 87815500 - 88724700

Our pivot point stands at 84718300.

Our preference

The upside prevails as long as 84718300 is support.

Alternative scenario

The downside breakout of 84718300 would call for 83192300 and 82284000.

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 85714714 and 85698805).

Supports and resistances

90543000 **

89633800 *

88724700 **

87815500

85989808 last

85317800

84718300 **

83192300 *

82284000 **

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