Bitcoin / South Korean won may fall to 78332900 - 79186300

Our pivot point stands at 82030300.

Our preference

The downside prevails as long as 82030300 is resistance.

Alternative scenario

Above 82030300, look for 83464200 and 84317800.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 82949163 and 84192857).

Supports and resistances

84317800 **

83464200 *

82030300 **

81466900

80895002 last

79186300

78332900 **

77479400 *

76626000 **

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