Bitcoin / South Korean won may fall to 90376500 - 91027400

Our pivot point stands at 93508100.

Our preference

The downside prevails as long as 93508100 is resistance.

Alternative scenario

The upside breakout of 93508100, would call for 94605500 and 95258600.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92647091 and 92595487).

Supports and resistances

95258600 **

94605500 *

93508100 **

93077100

92380990 last

91027400

90376500 **

89725500 *

89074600 **

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