Bitcoin / Yen may fall to 7920300 - 7989400

Our pivot point stands at 8263200.

Our preference

Technical rebound towards 8263200 before a new drop.

Alternative scenario

Above 8263200, look for 8380000 and 8449500.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (7902809) but under its 50 period moving average (8151674).

Supports and resistances

8449500 **

8380000 *

8263200 **

8217300

8139996 last

7989400

7920300 **

7851100 *

7782000 **

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