Bitcoin / Yen may fall to 9627400 - 9701300

9978500 is our pivot point.

Our preference

The downside prevails as long as 9978500 is resistance.

Alternative scenario

The upside breakout of 9978500, would call for 10103100 and 10177300.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9974627 and 10096380).

Supports and resistances

10177300 **

10103100 *

9978500 **

9929500

9861553 last

9701300

9627400 **

9553400 *

9479500 **

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