Bitcoin / South Korean won may fall to 78880700 - 79728500

Our pivot point is at 83030400.

Our preference

The downside prevails as long as 83030400 is resistance.

Alternative scenario

Above 83030400, look for 84463000 and 85315800.

Comment

The RSI is below its neutrality area at 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 82442060 and 83539905).

Supports and resistances

85315800 **

84463000 *

83030400 **

82467500

81811599 last

79728500

78880700 **

78032900 *

77185200 **

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