Bitcoin / South Korean won may rise to 83610300 - 84209900

Our pivot point stands at 81474500.

Our preference

Rebound.

Alternative scenario

The downside breakout of 81474500 would call for 80468900 and 79870300.

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 call for further upside. Moreover, the price stands above its 20 period moving average (82055002) but below its 50 period moving average (82690228).

Supports and resistances

85409200 **

84809600 *

84209900 **

83610300

82320809 last

81869500

81474500 **

80468900 *

79870300 **

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