Bitcoin / South Korean won may fall to 85271900 - 85865300

Our pivot point stands at 88382500.

Our preference

The downside prevails as long as 88382500 is resistance.

Alternative scenario

Above 88382500, look for 89385600 and 89982700.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 87931846 and 88183322).

Supports and resistances

89982700 **

89385600 *

88382500 **

87988400

87074439 last

85865300

85271900 **

84678500 *

84085100 **

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