Bitcoin / South Korean won may fall to 76993300 - 77529100

79724000 is our pivot point.

Our preference

The downside prevails as long as 79724000 is resistance.

Alternative scenario

The upside breakout of 79724000, would call for 80628900 and 81167500.

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 80539829 and 81217278).

Supports and resistances

81167500 **

80628900 *

79724000 **

79368600

78902532 last

77529100

76993300 **

76457500 *

75921700 **

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