Bitcoin / Yen may fall to 8257900 - 8363900

Our pivot point is at 8744800.

Our preference

The downside prevails as long as 8744800 is resistance.

Alternative scenario

Above 8744800, look for 8923600 and 9030000.

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 8726692 and 8771782).

Supports and resistances

9030000 **

8923600 *

8744800 **

8674600

8604401 last

8363900

8257900 **

8151800 *

8045800 **

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