Bitcoin / South Korean won may fall to 91309300 - 91998400

Our pivot point stands at 94733500.

Our preference

Target 91309300.

Alternative scenario

Above 94733500, look for 95896700 and 96589100.

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 (93786279) but above its 50 period moving average (93446854).

Supports and resistances

96589100 **

95896700 *

94733500 **

94276500

93624234 last

91998400

91309300 **

90620100 *

89931000 **

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