Bitcoin / South Korean won may fall to 80788500 - 81389500

Our pivot point stands at 83405100.

Our preference

The downside prevails as long as 83405100 is resistance.

Alternative scenario

The upside breakout of 83405100, would call for 84415000 and 85016100.

Comment

The RSI is below 50. 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 83344480 and 83997861).

Supports and resistances

85016100 **

84415000 *

83405100 **

83008400

82601111 last

81389500

80788500 **

80187600 *

79586600 **

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