Bitcoin / Yen may fall to 10266900 - 10375000

Our pivot point stands at 10813900.

Our preference

The downside prevails as long as 10813900 is resistance.

Alternative scenario

The upside breakout of 10813900, would call for 10996800 and 11105700.

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 10682403 and 10717447).

Supports and resistances

11105700 **

10996800 *

10813900 **

10742000

10628654 last

10375000

10266900 **

10158700 *

10050600 **

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