Bitcoin / South Korean won may fall to 91083400 - 91776000

Our pivot point stands at 94340100.

Our preference

The downside prevails as long as 94340100 is resistance.

Alternative scenario

Above 94340100, look for 95506900 and 96201500.

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 94439587 and 94919430).

Supports and resistances

96201500 **

95506900 *

94340100 **

93881600

93175770 last

91776000

91083400 **

90390800 *

89698200 **

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