Bitcoin / South Korean won may rise to 83482700 - 84081400

Our pivot point stands at 81475400.

Our preference

Rebound towards 84081400.

Alternative scenario

The downside breakout of 81475400 would call for 80469800 and 79871200.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (82149231) but below its 50 period moving average (82854932).

Supports and resistances

85278900 **

84680100 *

84081400 **

83482700

82267962 last

81870500

81475400 **

80469800 *

79871200 **

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