Bitcoin / South Korean won may fall to 88021900 - 88691300

Our pivot point is at 91158200.

Our preference

The downside prevails as long as 91158200 is resistance.

Alternative scenario

The upside breakout of 91158200, would call for 92285800 and 92956900.

Comment

The RSI is below its neutrality area at 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 91227749 and 92079034).

Supports and resistances

92956900 **

92285800 *

91158200 **

90715300

90035009 last

88691300

88021900 **

87352600 *

86683200 **

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