Bitcoin / South Korean won may fall to 92701800 - 93598700

Our pivot point stands at 97014700.

Our preference

The downside prevails as long as 97014700 is resistance.

Alternative scenario

The upside breakout of 97014700, would call for 98528300 and 99429200.

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 95681623 and 95946826).

Supports and resistances

99429200 **

98528300 *

97014700 **

96420000

95590402 last

93598700

92701800 **

91805000 *

90908100 **

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