Bitcoin / Yen may fall to 10316600 - 10425200

Our pivot point stands at 10850400.

Our preference

The downside prevails as long as 10850400 is resistance.

Alternative scenario

The upside breakout of 10850400, would call for 11034000 and 11143300.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10849203 and 10827088).

Supports and resistances

11143300 **

11034000 *

10850400 **

10778300

10702027 last

10425200

10316600 **

10207900 *

10099300 **

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