Bitcoin / South Korean won may fall to 88915100 - 89643500

Our pivot point stands at 92353500.

Our preference

The downside prevails as long as 92353500 is resistance.

Alternative scenario

The upside breakout of 92353500, would call for 93581100 and 94311900.

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 92051203 and 91983493).

Supports and resistances

94311900 **

93581100 *

92353500 **

91871200

91299626 last

89643500

88915100 **

88186600 *

87458200 **

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