Bitcoin / South Korean won may rise to 82598700 - 83452100

Our pivot point stands at 79471100.

Our preference

Rebound towards 83452100.

Alternative scenario

Below 79471100, expect 78042600 and 77192400.

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 above its 20 period moving average (80623885) but under its 50 period moving average (81633889).

Supports and resistances

85159000 **

84305600 *

83452100 **

82598700

80739664 last

80032300

79471100 **

78042600 *

77192400 **

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