Bitcoin / South Korean won may fall to 80694500 - 81308100

Our pivot point stands at 84536900.

Our preference

The downside prevails as long as 84536900 is resistance.

Alternative scenario

Above 84536900, look for 85582500 and 86204900.

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 84709465 and 85796325).

Supports and resistances

86204900 **

85582500 *

84536900 **

84126100

82776444 last

81308100

80694500 **

80080900 *

79467300 **

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