Bitcoin / South Korean won may fall to 92918500 - 93736000

Our pivot point is at 96564500.

Our preference

The downside prevails as long as 96564500 is resistance.

Alternative scenario

The upside breakout of 96564500, would call for 97939400 and 98757900.

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 95667961 and 95483619).

Supports and resistances

98757900 **

97939400 *

96564500 **

96024300

95478295 last

93736000

92918500 **

92101100 *

91283600 **

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