Bitcoin / South Korean won may fall to 94663600 - 95516900

Our pivot point stands at 99107700.

Our preference

The downside prevails as long as 99107700 is resistance.

Alternative scenario

Above 99107700, look for 100552400 and 101412300.

Comment

The RSI is below 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 98665974 and 98560317).

Supports and resistances

101412300 **

100552400 *

99107700 **

98540200

97958992 last

95516900

94663600 **

93810300 *

92957000 **

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