Bitcoin / Yen may fall to 8319700 - 8428100

Our pivot point is at 8788100.

Our preference

The downside prevails as long as 8788100 is resistance.

Alternative scenario

Above 8788100, look for 8970300 and 9078700.

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 8735681 and 8711107).

Supports and resistances

9078700 **

8970300 *

8788100 **

8716500

8644954 last

8428100

8319700 **

8211200 *

8102800 **

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