Bitcoin / South Korean won may fall to 78307300 - 79162300

82504300 is our pivot point.

Our preference

The downside prevails as long as 82504300 is resistance.

Alternative scenario

The upside breakout of 82504300, would call for 83949500 and 84809700.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 82189503 and 81648704).

Supports and resistances

84809700 **

83949500 *

82504300 **

81936500

81365521 last

79162300

78307300 **

77452300 *

76597300 **

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