Bitcoin / South Korean won may fall to 79869000 - 80727400

84055100 is our pivot point.

Our preference

The downside prevails as long as 84055100 is resistance.

Alternative scenario

The upside breakout of 84055100, would call for 85505400 and 86368700.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84229057 and 83761464).

Supports and resistances

86368700 **

85505400 *

84055100 **

83485300

82732978 last

80727400

79869000 **

79010600 *

78152300 **

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