Bitcoin / Yen may fall to 7563000 - 8083900

Our pivot point is at 9816800.

Our preference

The downside prevails as long as 9816800 is resistance.

Alternative scenario

Above 9816800, look for 10692100 and 11213100.

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 is trading under both its 20 and 50 period moving average (respectively at 9739732 and 10333972).

Supports and resistances

11213100 **

10692100 *

9816800 **

9472900

9128977 last

8083900

7563000 **

7042200 *

6521300 **

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