Bitcoin / South Korean won may fall to 79296400 - 80148700

Our pivot point is at 82987000.

Our preference

The downside prevails as long as 82987000 is resistance.

Alternative scenario

Above 82987000, look for 84419000 and 85271300.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83125814 and 83639737).

Supports and resistances

85271300 **

84419000 *

82987000 **

82424500

81861966 last

80148700

79296400 **

78444200 *

77591900 **

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