Bitcoin / Yen may fall to 8354100 - 8461300

Our pivot point is at 8825900.

Our preference

The downside prevails as long as 8825900 is resistance.

Alternative scenario

The upside breakout of 8825900, would call for 9006300 and 9113700.

Comment

The RSI is below 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 8832644 and 8838085).

Supports and resistances

9113700 **

9006300 *

8825900 **

8755100

8684189 last

8461300

8354100 **

8246800 *

8139500 **

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