Bitcoin / Yen may fall to 9539400 - 9622600

Our pivot point stands at 9932700.

Our preference

As long as 9932700 is resistance look for 9539400.

Alternative scenario

Above 9932700, look for 10073100 and 10156600.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9825897 and 9823067).

Supports and resistances

10156600 **

10073100 *

9932700 **

9877500

9820946 last

9622600

9539400 **

9456100 *

9372800 **

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