Bitcoin / South Korean won may fall to 87541200 - 88206900

Our pivot point is at 90433400.

Our preference

The downside prevails as long as 90433400 is resistance.

Alternative scenario

Above 90433400, look for 91552000 and 92217800.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 89937612 and 90350168).

Supports and resistances

92217800 **

91552000 *

90433400 **

89994000

89539601 last

88206900

87541200 **

86875500 *

86209900 **

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