Bitcoin / Yen may fall to 9935300 - 10022000

Our pivot point stands at 10395300.

Our preference

Target 9935300.

Alternative scenario

The upside breakout of 10395300, would call for 10542200 and 10629700.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (10295988) but above its 50 period moving average (10150277).

Supports and resistances

10629700 **

10542200 *

10395300 **

10337600

10247265 last

10022000

9935300 **

9848500 *

9761800 **

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