Bitcoin / South Korean won may fall to 88160400 - 88830800

Our pivot point is at 91411900.

Our preference

Target 88160400.

Alternative scenario

The upside breakout of 91411900, would call for 92542600 and 93215600.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (90954451) but above its 50 period moving average (90251493).

Supports and resistances

93215600 **

92542600 *

91411900 **

90967800

90414102 last

88830800

88160400 **

87490000 *

86819600 **

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