Bitcoin / South Korean won may fall to 88555100 - 89280600

Our pivot point is at 92302600.

Our preference

The downside prevails as long as 92302600 is resistance.

Alternative scenario

The upside breakout of 92302600, would call for 93529600 and 94259900.

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 91930339 and 92744680).

Supports and resistances

94259900 **

93529600 *

92302600 **

91820600

90784528 last

89280600

88555100 **

87829600 *

87104100 **

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