Bitcoin / South Korean won may fall to 82559100 - 83173200

Our pivot point stands at 85561100.

Our preference

As long as 85561100 is resistance look for 82559100.

Alternative scenario

The upside breakout of 85561100, would call for 86597100 and 87213700.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (84608413) but below its 50 period moving average (84733501).

Supports and resistances

87213700 **

86597100 *

85561100 **

85154200

84713624 last

83173200

82559100 **

81944900 *

81330800 **

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