Bitcoin / South Korean won may fall to 86742500 - 87402100

90163000 is our pivot point.

Our preference

The downside prevails as long as 90163000 is resistance.

Alternative scenario

The upside breakout of 90163000, would call for 91278200 and 91942000.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89951363 and 91379309).

Supports and resistances

91942000 **

91278200 *

90163000 **

89724800

89232814 last

87402100

86742500 **

86082900 *

85423300 **

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