Bitcoin / South Korean won may fall to 94799700 - 95654300

Our pivot point stands at 98679900.

Our preference

The downside prevails as long as 98679900 is resistance.

Alternative scenario

The upside breakout of 98679900, would call for 100118300 and 100974500.

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 97918009 and 97944436). Finally, the Bitcoin / South Korean won is trading below its lower Bollinger band (standing at 97492155).

Supports and resistances

100974500 **

100118300 *

98679900 **

98114800

97384945 last

95654300

94799700 **

93945100 *

93090600 **

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