Bitcoin / South Korean won may rise to 83395700 - 84257300

Our pivot point stands at 80131100.

Our preference

Rebound towards 84257300.

Alternative scenario

The downside breakout of 80131100 would call for 78690800 and 77833400.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 81547786 and 83333956).

Supports and resistances

85980600 **

85119000 *

84257300 **

83395700

81543880 last

80696900

80131100 **

78690800 *

77833400 **

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