Bitcoin / South Korean won may fall to 89679000 - 90413700

Our pivot point is at 92853300.

Our preference

The downside prevails as long as 92853300 is resistance.

Alternative scenario

The upside breakout of 92853300, would call for 94087600 and 94822300.

Comment

The RSI is below its neutrality area at 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 92191545 and 92014938).

Supports and resistances

94822300 **

94087600 *

92853300 **

92368400

91883157 last

90413700

89679000 **

88944200 *

88209500 **

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