Bitcoin / South Korean won may fall to 91413400 - 92108500

95100300 is our pivot point.

Our preference

Target 91413400.

Alternative scenario

The upside breakout of 95100300, would call for 96276600 and 96976800.

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 trading under its 20 period moving average (94008615) but above its 50 period moving average (92940765).

Supports and resistances

96976800 **

96276600 *

95100300 **

94638200

93602393 last

92108500

91413400 **

90718200 *

90023100 **

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