Bitcoin / South Korean won may fall to 82892900 - 83584800

Our pivot point is at 86611500.

Our preference

The downside prevails as long as 86611500 is resistance.

Alternative scenario

The upside breakout of 86611500, would call for 87783700 and 88481400.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 86226407 and 86324706). Finally, the Bitcoin / South Korean won has penetrated its lower Bollinger band (85183694).

Supports and resistances

88481400 **

87783700 *

86611500 **

86151000

85137767 last

83584800

82892900 **

82201100 *

81509300 **

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