Bitcoin / Yen may fall to 9869000 - 9944800

Our pivot point is at 10244000.

Our preference

Target 9869000.

Alternative scenario

The upside breakout of 10244000, would call for 10371900 and 10448100.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (10193922) but above its 50 period moving average (10106820).

Supports and resistances

10448100 **

10371900 *

10244000 **

10193700

10140117 last

9944800

9869000 **

9793200 *

9717400 **

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