Bitcoin / Yen may fall to 10070300 - 10158300

Our pivot point stands at 10571800.

Our preference

The downside prevails as long as 10571800 is resistance.

Alternative scenario

Above 10571800, look for 10721200 and 10810100.

Comment

The RSI is below 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 10538118 and 10588000).

Supports and resistances

10810100 **

10721200 *

10571800 **

10513100

10335770 last

10158300

10070300 **

9982400 *

9894500 **

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