Bitcoin / South Korean won may fall to 79545000 - 80139400

Our pivot point is at 82497500.

Our preference

The downside prevails as long as 82497500 is resistance.

Alternative scenario

The upside breakout of 82497500, would call for 83500900 and 84098200.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82312569 and 81607364).

Supports and resistances

84098200 **

83500900 *

82497500 **

82103300

81522672 last

80139400

79545000 **

78950500 *

78356000 **

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