Bitcoin / South Korean won may fall to 89233600 - 89964700

Our pivot point stands at 92596900.

Our preference

The downside prevails as long as 92596900 is resistance.

Alternative scenario

The upside breakout of 92596900, would call for 93827800 and 94560500.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91920445 and 92132727).

Supports and resistances

94560500 **

93827800 *

92596900 **

92113400

91449852 last

89964700

89233600 **

88502600 *

87771500 **

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