Bitcoin / South Korean won may fall to 93449200 - 94271400

Our pivot point stands at 97002000.

Our preference

Target 93449200.

Alternative scenario

The upside breakout of 97002000, would call for 98383100 and 99205300.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (96218785) but above its 50 period moving average (95528258).

Supports and resistances

99205300 **

98383100 *

97002000 **

96459400

95916072 last

94271400

93449200 **

92627100 *

91805000 **

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