Bitcoin / South Korean won may fall to 79293600 - 80145800

Our pivot point stands at 83147700.

Our preference

The downside prevails as long as 83147700 is resistance.

Alternative scenario

Above 83147700, look for 84582400 and 85436300.

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 83424747 and 83701383).

Supports and resistances

85436300 **

84582400 *

83147700 **

82584100

81974184 last

80145800

79293600 **

78441400 *

77589200 **

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