Bitcoin / South Korean won may fall to 85803200 - 86400300

88886300 is our pivot point.

Our preference

Target 85803200.

Alternative scenario

Above 88886300, look for 89895100 and 90495600.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (88500835) but above its 50 period moving average (87950339).

Supports and resistances

90495600 **

89895100 *

88886300 **

88489900

87986348 last

86400300

85803200 **

85206100 *

84609000 **

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