Bitcoin / Yen may fall to 9977700 - 10064800

Our pivot point is at 10414400.

Our preference

The downside prevails as long as 10414400 is resistance.

Alternative scenario

The upside breakout of 10414400, would call for 10561600 and 10649200.

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 10442055 and 10559957).

Supports and resistances

10649200 **

10561600 *

10414400 **

10356600

10241316 last

10064800

9977700 **

9890600 *

9803500 **

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