Bitcoin / Yen may fall to 9866700 - 9952900

Our pivot point stands at 10239200.

Our preference

The downside prevails as long as 10239200 is resistance.

Alternative scenario

The upside breakout of 10239200, would call for 10383900 and 10470100.

Comment

The RSI is below 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 10133787 and 10191327).

Supports and resistances

10470100 **

10383900 *

10239200 **

10182400

10125358 last

9952900

9866700 **

9780600 *

9694500 **

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