Bitcoin / Yen may fall to 9703400 - 9788100

Our pivot point stands at 10141600.

Our preference

The downside prevails as long as 10141600 is resistance.

Alternative scenario

Above 10141600, look for 10285000 and 10370300.

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 10132503 and 10316728).

Supports and resistances

10370300 **

10285000 *

10141600 **

10085300

10016796 last

9788100

9703400 **

9618600 *

9533900 **

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