Bitcoin / Yen may fall to 10329200 - 10438000

10863700 is our pivot point.

Our preference

The downside prevails as long as 10863700 is resistance.

Alternative scenario

The upside breakout of 10863700, would call for 11047600 and 11157000.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10752153 and 10795224).

Supports and resistances

11157000 **

11047600 *

10863700 **

10791500

10705534 last

10438000

10329200 **

10220500 *

10111700 **

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