Bitcoin / South Korean won may fall to 94419600 - 95270800

Our pivot point is at 98236300.

Our preference

The downside prevails as long as 98236300 is resistance.

Alternative scenario

Above 98236300, look for 99668200 and 100520600.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 97610383 and 97835719).

Supports and resistances

100520600 **

99668200 *

98236300 **

97673800

96978436 last

95270800

94419600 **

93568500 *

92717400 **

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