Bitcoin / South Korean won may fall to 95385800 - 96245700

Our pivot point stands at 99101000.

Our preference

As long as 99101000 is resistance look for 95385800.

Alternative scenario

The upside breakout of 99101000, would call for 100545500 and 101405300.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97976110 and 97982223).

Supports and resistances

101405300 **

100545500 *

99101000 **

98533500

97965972 last

96245700

95385800 **

94526000 *

93666100 **

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