Bitcoin / South Korean won may fall to 81802600 - 82695800

Our pivot point stands at 85662500.

Our preference

The downside prevails as long as 85662500 is resistance.

Alternative scenario

The upside breakout of 85662500, would call for 87163100 and 88056200.

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 84953911 and 85390451).

Supports and resistances

88056200 **

87163100 *

85662500 **

85073100

84482640 last

82695800

81802600 **

80909500 *

80016300 **

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