Bitcoin / Yen may fall to 9093600 - 9170500

9444400 is our pivot point.

Our preference

The downside prevails as long as 9444400 is resistance.

Alternative scenario

Above 9444400, look for 9573700 and 9650600.

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 9358090 and 9343630).

Supports and resistances

9650600 **

9573700 *

9444400 **

9393600

9338696 last

9170500

9093600 **

9016800 *

8940000 **

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