Bitcoin / Yen may fall to 6472400 - 7218700

Our pivot point stands at 9846200.

Our preference

The downside prevails as long as 9846200 is resistance.

Alternative scenario

Above 9846200, look for 11119300 and 11877100.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9256088 and 9590959).

Supports and resistances

11877100 **

11119300 *

9846200 **

9346100

8744388 last

7218700

6472400 **

5726100 *

4979900 **

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