Bitcoin / South Korean won may fall to 88451000 - 89175600

Our pivot point stands at 91684500.

Our preference

The downside prevails as long as 91684500 is resistance.

Alternative scenario

Above 91684500, look for 92903200 and 93628700.

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 90826630 and 90780026).

Supports and resistances

93628700 **

92903200 *

91684500 **

91205700

90630748 last

89175600

88451000 **

87726300 *

87001700 **

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