Bitcoin / Yen may fall to 8347300 - 8454500

Our pivot point is at 8865800.

Our preference

The downside prevails as long as 8865800 is resistance.

Alternative scenario

Above 8865800, look for 9047000 and 9154900.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 8892622 and 8834939).

Supports and resistances

9154900 **

9047000 *

8865800 **

8794600

8700189 last

8454500

8347300 **

8240100 *

8132900 **

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