Bitcoin / South Korean won may fall to 83668300 - 84366600

Our pivot point is at 86845300.

Our preference

Technical rebound towards 86845300 before a new drop.

Alternative scenario

The upside breakout of 86845300, would call for 88020600 and 88720200.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (85701352) but under its 50 period moving average (85987440).

Supports and resistances

88720200 **

88020600 *

86845300 **

86383500

85839979 last

84366600

83668300 **

82970000 *

82271700 **

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