Bitcoin / South Korean won may fall to 75764400 - 79933200

93782100 is our pivot point.

Our preference

The downside prevails as long as 93782100 is resistance.

Alternative scenario

The upside breakout of 93782100, would call for 100786300 and 104955500.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 89843229 and 93043053).

Supports and resistances

104955500 **

100786300 *

93782100 **

91030400

88273126 last

79933200

75764400 **

71595600 *

67426700 **

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