Bitcoin / Yen may fall to 9064400 - 9141000

Our pivot point is at 9423700.

Our preference

The downside prevails as long as 9423700 is resistance.

Alternative scenario

Above 9423700, look for 9552700 and 9629500.

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 9411861 and 9302336).

Supports and resistances

9629500 **

9552700 *

9423700 **

9373000

9297901 last

9141000

9064400 **

8987900 *

8911300 **

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