Bitcoin / South Korean won may rise to 85873700 - 86489500

Our pivot point stands at 83782300.

Our preference

Rebound towards 86489500.

Alternative scenario

The downside breakout of 83782300 would call for 82748200 and 82132700.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (84585379) but below its 50 period moving average (84723330).

Supports and resistances

87721300 **

87105400 *

86489500 **

85873700

84595389 last

84188600

83782300 **

82748200 *

82132700 **

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