Bitcoin / South Korean won may fall to 84484900 - 85190000

Our pivot point stands at 88052800.

Our preference

Target 84484900.

Alternative scenario

Above 88052800, look for 89244400 and 89953700.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (87211754) but above its 50 period moving average (86487050).

Supports and resistances

89953700 **

89244400 *

88052800 **

87584600

86678828 last

85190000

84484900 **

83779800 *

83074700 **

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