Bitcoin / Yen may fall to 8230600 - 8336300

Our pivot point is at 8730400.

Our preference

The downside prevails as long as 8730400 is resistance.

Alternative scenario

Above 8730400, look for 8908900 and 9015100.

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 8664608 and 8753874).

Supports and resistances

9015100 **

8908900 *

8730400 **

8660300

8581518 last

8336300

8230600 **

8124900 *

8019300 **

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