Bitcoin / Yen may fall to 10447300 - 10561200

Our pivot point is at 10977300.

Our preference

The downside prevails as long as 10977300 is resistance.

Alternative scenario

Above 10977300, look for 11169300 and 11283600.

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 10819066 and 10835028).

Supports and resistances

11283600 **

11169300 *

10977300 **

10901900

10799979 last

10561200

10447300 **

10333400 *

10219500 **

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