Bitcoin / South Korean won may fall to 95213800 - 96072100

Our pivot point stands at 99001300.

Our preference

The downside prevails as long as 99001300 is resistance.

Alternative scenario

The upside breakout of 99001300, would call for 100444300 and 101303300.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 98262326 and 98455195).

Supports and resistances

101303300 **

100444300 *

99001300 **

98434300

97854017 last

96072100

95213800 **

94355500 *

93497300 **

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