Bitcoin / South Korean won may fall to 90077900 - 90762900

Our pivot point stands at 93656500.

Our preference

The downside prevails as long as 93656500 is resistance.

Alternative scenario

Above 93656500, look for 94815000 and 95504500.

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 is trading under both its 20 and 50 period moving average (respectively at 93353567 and 93969837).

Supports and resistances

95504500 **

94815000 *

93656500 **

93201400

92148455 last

90762900

90077900 **

89392900 *

88707900 **

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