Bitcoin / South Korean won may fall to 79575100 - 80443900

Our pivot point is at 83368500.

Our preference

Target 79575100.

Alternative scenario

The upside breakout of 83368500, would call for 84828900 and 85698100.

Comment

The RSI is below 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 (82303547) but above its 50 period moving average (82042126).

Supports and resistances

85698100 **

84828900 *

83368500 **

82794800

82209199 last

80443900

79575100 **

78706300 *

77837400 **

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