Bitcoin / South Korean won may fall to 82939300 - 83844900

Our pivot point is at 86866700.

Our preference

Under pressure below 86866700.

Alternative scenario

The upside breakout of 86866700, would call for 88388300 and 89294100.

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 stands below its 20 and 50 period moving average (respectively at 85826521 and 85765503).

Supports and resistances

89294100 **

88388300 *

86866700 **

86269000

85669739 last

83844900

82939300 **

82033700 *

81128200 **

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