Bitcoin / South Korean won may rise to 86109000 - 86726600

Our pivot point is at 83908300.

Our preference

As long as 83908300 is support look for 86726600.

Alternative scenario

Below 83908300, expect 82872600 and 82256200.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (84879610) but above its 50 period moving average (84387584).

Supports and resistances

87961700 **

87344100 *

86726600 **

86109000

84816071 last

84315100

83908300 **

82872600 *

82256200 **

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