Bitcoin / Yen may fall to 10281500 - 10371300

10713700 is our pivot point.

Our preference

Under pressure below 10713700.

Alternative scenario

The upside breakout of 10713700, would call for 10865100 and 10955200.

Comment

The RSI is below 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 both its 20 and 50 period moving average (respectively at 10645361 and 10587023).

Supports and resistances

10955200 **

10865100 *

10713700 **

10654200

10562234 last

10371300

10281500 **

10191800 *

10102000 **

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