Bitcoin / Yen may fall to 9823000 - 9908700

Our pivot point stands at 10241400.

Our preference

The downside prevails as long as 10241400 is resistance.

Alternative scenario

The upside breakout of 10241400, would call for 10386100 and 10472300.

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 10252995 and 10198617).

Supports and resistances

10472300 **

10386100 *

10241400 **

10184500

10115815 last

9908700

9823000 **

9737200 *

9651500 **

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