Bitcoin / South Korean won may fall to 89691700 - 90480800

Our pivot point is at 93585500.

Our preference

The downside prevails as long as 93585500 is resistance.

Alternative scenario

The upside breakout of 93585500, would call for 94918000 and 95711200.

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 93359491 and 93720505).

Supports and resistances

95711200 **

94918000 *

93585500 **

93062000

92437250 last

90480800

89691700 **

88902700 *

88113600 **

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