Bitcoin / Yen may fall to 8914100 - 8989400

Our pivot point stands at 9306500.

Our preference

The downside prevails as long as 9306500 is resistance.

Alternative scenario

The upside breakout of 9306500, would call for 9433900 and 9509700.

Comment

The RSI is below 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 9327228 and 9362118).

Supports and resistances

9509700 **

9433900 *

9306500 **

9256400

9163401 last

8989400

8914100 **

8838800 *

8763500 **

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