Bitcoin / South Korean won may fall to 80883000 - 81484600

Our pivot point is at 83858300.

Our preference

The downside prevails as long as 83858300 is resistance.

Alternative scenario

The upside breakout of 83858300, would call for 84873600 and 85478000.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 84000874 and 84305838). Finally, the Bitcoin / South Korean won has penetrated its lower Bollinger band (83166811).

Supports and resistances

85478000 **

84873600 *

83858300 **

83459400

83014092 last

81484600

80883000 **

80281300 *

79679700 **

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