Bitcoin / South Korean won may fall to 89314200 - 89988300

Our pivot point stands at 92445300.

Our preference

Target 89314200.

Alternative scenario

The upside breakout of 92445300, would call for 93580500 and 94256100.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (91598423) but above its 50 period moving average (91334749).

Supports and resistances

94256100 **

93580500 *

92445300 **

91999400

91410777 last

89988300

89314200 **

88640100 *

87966000 **

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