Bitcoin / South Korean won may fall to 92696200 - 93401100

96950900 is our pivot point.

Our preference

Target 92696200.

Alternative scenario

The upside breakout of 96950900, would call for 98150000 and 98863800.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (95309108) but above its 50 period moving average (94330516).

Supports and resistances

98863800 **

98150000 *

96950900 **

96479800

94998316 last

93401100

92696200 **

91991300 *

91286400 **

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