Bitcoin / Yen may fall to 10242900 - 10332300

Our pivot point stands at 10692600.

Our preference

Target 10242900.

Alternative scenario

The upside breakout of 10692600, would call for 10843700 and 10933600.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (10560879) but above its 50 period moving average (10451120).

Supports and resistances

10933600 **

10843700 *

10692600 **

10633200

10526935 last

10332300

10242900 **

10153500 *

10064100 **

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