Bitcoin / South Korean won may fall to 79879200 - 80737700

83611400 is our pivot point.

Our preference

The downside prevails as long as 83611400 is resistance.

Alternative scenario

The upside breakout of 83611400, would call for 85054100 and 85912900.

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 83693742 and 83760927).

Supports and resistances

85912900 **

85054100 *

83611400 **

83044700

82477895 last

80737700

79879200 **

79020700 *

78162200 **

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