Bitcoin / South Korean won may fall to 93234100 - 94074500

Our pivot point stands at 97248700.

Our preference

Target 93234100.

Alternative scenario

The upside breakout of 97248700, would call for 98666200 and 99510000.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (96292689) but above its 50 period moving average (95706858).

Supports and resistances

99510000 **

98666200 *

97248700 **

96691800

96047004 last

94074500

93234100 **

92393700 *

91553200 **

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