Bitcoin / South Korean won may fall to 93383000 - 94224800

Our pivot point stands at 97319400.

Our preference

Target 93383000.

Alternative scenario

The upside breakout of 97319400, would call for 98738000 and 99582400.

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 (96243496) but above its 50 period moving average (95753707).

Supports and resistances

99582400 **

98738000 *

97319400 **

96762100

96020572 last

94224800

93383000 **

92541200 *

91699500 **

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