Bitcoin / Yen may fall to 10291100 - 10399400

10849000 is our pivot point.

Our preference

The downside prevails as long as 10849000 is resistance.

Alternative scenario

Above 10849000, look for 11032500 and 11141800.

Comment

The RSI is below 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 10866527 and 10838971). Finally, the Bitcoin / Yen has penetrated its lower Bollinger band (10644872).

Supports and resistances

11141800 **

11032500 *

10849000 **

10776900

10623324 last

10399400

10291100 **

10182700 *

10074300 **

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