Bitcoin / South Korean won may fall to 79245100 - 80110400

83237700 is our pivot point.

Our preference

Target 79245100.

Alternative scenario

Above 83237700, look for 84695800 and 85563600.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (82345848) but above its 50 period moving average (81826721).

Supports and resistances

85563600 **

84695800 *

83237700 **

82664900

81944803 last

80110400

79245100 **

78379900 *

77514700 **

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