Bitcoin / South Korean won may fall to 89389400 - 90121700

Our pivot point stands at 92916700.

Our preference

The downside prevails as long as 92916700 is resistance.

Alternative scenario

The upside breakout of 92916700, would call for 94151900 and 94887100.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 92228187 and 91975677).

Supports and resistances

94887100 **

94151900 *

92916700 **

92431500

91841567 last

90121700

89389400 **

88657000 *

87924700 **

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