Bitcoin / Yen may fall to 9777900 - 9853000

10174100 is our pivot point.

Our preference

The downside prevails as long as 10174100 is resistance.

Alternative scenario

The upside breakout of 10174100, would call for 10301100 and 10376800.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10126501 and 10142416).

Supports and resistances

10376800 **

10301100 *

10174100 **

10124200

10003150 last

9853000

9777900 **

9702800 *

9627700 **

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