Bitcoin / South Korean won may fall to 76557200 - 77139400

79138300 is our pivot point.

Our preference

The downside prevails as long as 79138300 is resistance.

Alternative scenario

Above 79138300, look for 80117100 and 80699800.

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 79989189 and 80081579).

Supports and resistances

80699800 **

80117100 *

79138300 **

78753800

78369209 last

77139400

76557200 **

75975100 *

75392900 **

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