Bitcoin / South Korean won may fall to 81801200 - 82409600

Our pivot point is at 84949700.

Our preference

The downside prevails as long as 84949700 is resistance.

Alternative scenario

Above 84949700, look for 85978300 and 86590500.

Comment

The RSI is below 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 84234389 and 84538712). Finally, the Bitcoin / South Korean won is trading below its lower Bollinger band (standing at 83886566).

Supports and resistances

86590500 **

85978300 *

84949700 **

84545600

83649060 last

82409600

81801200 **

81192700 *

80584200 **

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