Bitcoin / South Korean won may fall to 95129200 - 95986700

98967300 is our pivot point.

Our preference

The downside prevails as long as 98967300 is resistance.

Alternative scenario

The upside breakout of 98967300, would call for 100409900 and 101268500.

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 is trading under both its 20 and 50 period moving average (respectively at 97952335 and 97962294).

Supports and resistances

101268500 **

100409900 *

98967300 **

98400600

97713701 last

95986700

95129200 **

94271700 *

93414200 **

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