Bitcoin / South Korean won may fall to 93291300 - 94112000

Our pivot point stands at 96838500.

Our preference

Target 93291300.

Alternative scenario

Above 96838500, look for 98217400 and 99038100.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (96324679) but above its 50 period moving average (95474724).

Supports and resistances

99038100 **

98217400 *

96838500 **

96296800

95753698 last

94112000

93291300 **

92470500 *

91649800 **

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