Bitcoin / South Korean won may fall to 84156100 - 84858500

Our pivot point stands at 87391100.

Our preference

Under pressure below 87391100.

Alternative scenario

The upside breakout of 87391100, would call for 88573900 and 89277900.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 86760124 and 86529048).

Supports and resistances

89277900 **

88573900 *

87391100 **

86926500

86343267 last

84858500

84156100 **

83453700 *

82751300 **

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