Bitcoin / South Korean won may rise to 85953100 - 86569600

Our pivot point is at 83794300.

Our preference

As long as 83794300 is support look for 86569600.

Alternative scenario

Below 83794300, expect 82760100 and 82144400.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 84387078 and 83117245).

Supports and resistances

87802500 **

87186000 *

86569600 **

85953100

84634059 last

84200600

83794300 **

82760100 *

82144400 **

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