Bitcoin / South Korean won may fall to 92362400 - 93229000

96214900 is our pivot point.

Our preference

Target 92362400.

Alternative scenario

The upside breakout of 96214900, would call for 97672400 and 98539900.

Comment

The RSI is below 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 below its 20 period moving average (95088488) but above its 50 period moving average (94844114).

Supports and resistances

98539900 **

97672400 *

96214900 **

95642300

94962118 last

93229000

92362400 **

91495900 *

90629300 **

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