Bitcoin / South Korean won may fall to 80525200 - 81124200

83166200 is our pivot point.

Our preference

The downside prevails as long as 83166200 is resistance.

Alternative scenario

The upside breakout of 83166200, would call for 84173100 and 84772500.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 83541715 and 84065503).

Supports and resistances

84772500 **

84173100 *

83166200 **

82770600

82341290 last

81124200

80525200 **

79926300 *

79327300 **

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