Bitcoin / South Korean won may fall to 79450400 - 80044200

82927200 is our pivot point.

Our preference

As long as 82927200 is resistance look for 79450400.

Alternative scenario

The upside breakout of 82927200, would call for 83935800 and 84536100.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (81135545) but under its 50 period moving average (81531871).

Supports and resistances

84536100 **

83935800 *

82927200 **

82530900

81406164 last

80044200

79450400 **

78856600 *

78262900 **

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