Bitcoin / South Korean won may fall to 83943800 - 84528000

Our pivot point stands at 86764700.

Our preference

The downside prevails as long as 86764700 is resistance.

Alternative scenario

The upside breakout of 86764700, would call for 87749400 and 88335600.

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 86816490 and 87759479).

Supports and resistances

88335600 **

87749400 *

86764700 **

86377800

85969232 last

84528000

83943800 **

83359600 *

82775500 **

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