Cryptocurrency

Bitcoin / South Korean won may fall to 87865500 - 88533700

2024-08-01

90814200 is our pivot point.

Our preference

The downside prevails as long as 90814200 is resistance.

Alternative scenario

Above 90814200, look for 91937400 and 92606000.

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 91816070 and 92430041).

Supports and resistances

92606000 **

91937400 *

90814200 **

90372900

89889497 last

88533700

87865500 **

87197400 *

86529200 **

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

Trade with Exness

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.

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