Bitcoin / South Korean won may fall to 85810400 - 86513500

89448300 is our pivot point.

Our preference

The downside prevails as long as 89448300 is resistance.

Alternative scenario

Above 89448300, look for 90637300 and 91345100.

Comment

The RSI is below 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 89496480 and 90348619).

Supports and resistances

91345100 **

90637300 *

89448300 **

88981100

88505290 last

86513500

85810400 **

85107400 *

84404400 **

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