Bitcoin / South Korean won may rise to 83174100 - 84033500

79640600 is our pivot point.

Our preference

Rebound towards 84033500.

Alternative scenario

Below 79640600, expect 78209100 and 77357000.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 80861534 and 82694371).

Supports and resistances

85752200 **

84892800 *

84033500 **

83174100

80800261 last

80203000

79640600 **

78209100 *

77357000 **

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