Bitcoin / South Korean won may fall to 95232800 - 96091300

98942800 is our pivot point.

Our preference

The downside prevails as long as 98942800 is resistance.

Alternative scenario

The upside breakout of 98942800, would call for 100385000 and 101243500.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 97949249 and 97970190).

Supports and resistances

101243500 **

100385000 *

98942800 **

98376200

97808860 last

96091300

95232800 **

94374400 *

93515900 **

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