Bitcoin / Yen may fall to 10320600 - 10429200

Our pivot point is at 10841800.

Our preference

The downside prevails as long as 10841800 is resistance.

Alternative scenario

The upside breakout of 10841800, would call for 11025200 and 11134400.

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 is trading under both its 20 and 50 period moving average (respectively at 10731201 and 10754374).

Supports and resistances

11134400 **

11025200 *

10841800 **

10769700

10653330 last

10429200

10320600 **

10211900 *

10103200 **

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