Bitcoin / South Korean won may fall to 78042900 - 78881600

81971400 is our pivot point.

Our preference

The downside prevails as long as 81971400 is resistance.

Alternative scenario

The upside breakout of 81971400, would call for 83385800 and 84227700.

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 stands below its 20 and 50 period moving average (respectively at 81511384 and 82376258).

Supports and resistances

84227700 **

83385800 *

81971400 **

81415800

80686629 last

78881600

78042900 **

77204100 *

76365300 **

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