Bitcoin / South Korean won may rise to 83317200 - 83914700

Our pivot point stands at 81303500.

Our preference

Rebound towards 83914700.

Alternative scenario

The downside breakout of 81303500 would call for 80300000 and 79702700.

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 82228597 and 83016505).

Supports and resistances

85109800 **

84512200 *

83914700 **

83317200

82111893 last

81697800

81303500 **

80300000 *

79702700 **

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