Bitcoin / South Korean won may rise to 83797100 - 84398100

Our pivot point is at 81358000.

Our preference

Rebound.

Alternative scenario

Below 81358000, expect 80353800 and 79756100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (82113568) but under its 50 period moving average (82777329).

Supports and resistances

85600100 **

84999100 *

84398100 **

83797100

82567396 last

81752500

81358000 **

80353800 *

79756100 **

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