Bitcoin / Yen may fall to 7742300 - 7809900

8051800 is our pivot point.

Our preference

Under pressure below 8051800.

Alternative scenario

The upside breakout of 8051800, would call for 8165600 and 8233300.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 8006719 and 8039604).

Supports and resistances

8233300 **

8165600 *

8051800 **

8007100

7962374 last

7809900

7742300 **

7674800 *

7607200 **

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