Bitcoin / Yen may fall to 8492100 - 8566200

Our pivot point stands at 8834800.

Our preference

As long as 8834800 is resistance look for 8492100.

Alternative scenario

Above 8834800, look for 8959600 and 9034000.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands below its 20 and 50 period moving average (respectively at 8749654 and 8782048).

Supports and resistances

9034000 **

8959600 *

8834800 **

8785700

8719678 last

8566200

8492100 **

8418000 *

8343800 **

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