Bitcoin / South Korean won may fall to 88318800 - 88990400

91240900 is our pivot point.

Our preference

The downside prevails as long as 91240900 is resistance.

Alternative scenario

Above 91240900, look for 92369500 and 93041200.

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 92077572 and 92570865).

Supports and resistances

93041200 **

92369500 *

91240900 **

90797600

90333626 last

88990400

88318800 **

87647200 *

86975600 **

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