Bitcoin / Yen may fall to 9574700 - 9658300

Our pivot point is at 9991700.

Our preference

The downside prevails as long as 9991700 is resistance.

Alternative scenario

Above 9991700, look for 10132900 and 10216900.

Comment

The RSI is below its neutrality area at 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 10097529 and 10241736).

Supports and resistances

10216900 **

10132900 *

9991700 **

9936200

9857107 last

9658300

9574700 **

9491200 *

9407600 **

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