Bitcoin / South Korean won may rise to 86958600 - 87655300

84496300 is our pivot point.

Our preference

Rebound towards 87655300.

Alternative scenario

The downside breakout of 84496300 would call for 83327900 and 82632400.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 85556268 and 86127208).

Supports and resistances

89048600 **

88352000 *

87655300 **

86958600

85491605 last

84955300

84496300 **

83327900 *

82632400 **

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