Bitcoin / South Korean won may fall to 92980100 - 93879600

Our pivot point stands at 97047200.

Our preference

The downside prevails as long as 97047200 is resistance.

Alternative scenario

Above 97047200, look for 98561300 and 99462600.

Comment

The RSI is below 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 96027350 and 96028119).

Supports and resistances

99462600 **

98561300 *

97047200 **

96452400

95705399 last

93879600

92980100 **

92080500 *

91180900 **

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