Bitcoin / Yen may fall to 8327300 - 8434200

8789200 is our pivot point.

Our preference

The downside prevails as long as 8789200 is resistance.

Alternative scenario

The upside breakout of 8789200, would call for 8968900 and 9075800.

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 stands below its 20 and 50 period moving average (respectively at 8766474 and 8825974).

Supports and resistances

9075800 **

8968900 *

8789200 **

8718600

8648060 last

8434200

8327300 **

8220300 *

8113400 **

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