Bitcoin / South Korean won may fall to 76651000 - 77233800

Our pivot point stands at 79338200.

Our preference

Under pressure below 79338200.

Alternative scenario

The upside breakout of 79338200, would call for 80319500 and 80903600.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 79210734 and 79232192).

Supports and resistances

80903600 **

80319500 *

79338200 **

78952700

78523756 last

77233800

76651000 **

76068100 *

75485200 **

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