Bitcoin / South Korean won may rise to 85687100 - 86301600

Our pivot point is at 83549200.

Our preference

Rebound towards 86301600.

Alternative scenario

The downside breakout of 83549200 would call for 82518000 and 81904200.

Comment

The RSI is below 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 84412032 and 84669862).

Supports and resistances

87530700 **

86916100 *

86301600 **

85687100

84383486 last

83954300

83549200 **

82518000 *

81904200 **

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