Bitcoin / Yen may fall to 8976400 - 9045300

9296000 is our pivot point.

Our preference

The downside prevails as long as 9296000 is resistance.

Alternative scenario

The upside breakout of 9296000, would call for 9412100 and 9481200.

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 stands below its 20 and 50 period moving average (respectively at 9248084 and 9197239).

Supports and resistances

9481200 **

9412100 *

9296000 **

9250300

9183203 last

9045300

8976400 **

8907400 *

8838500 **

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