Bitcoin / South Korean won may fall to 79399400 - 79952000

Our pivot point stands at 82055800.

Our preference

The downside prevails as long as 82055800 is resistance.

Alternative scenario

The upside breakout of 82055800, would call for 82987100 and 83541500.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 81634318 and 81398553).

Supports and resistances

83541500 **

82987100 *

82055800 **

81689900

81215567 last

79952000

79399400 **

78846900 *

78294300 **

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