Bitcoin / South Korean won may fall to 79390100 - 79983400

Our pivot point stands at 82513800.

Our preference

The downside prevails as long as 82513800 is resistance.

Alternative scenario

Above 82513800, look for 83517400 and 84114800.

Comment

The RSI is below 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 81956871 and 82062287).

Supports and resistances

84114800 **

83517400 *

82513800 **

82119600

81322922 last

79983400

79390100 **

78796800 *

78203400 **

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