Bitcoin / Yen may fall to 8836200 - 8951300

Our pivot point stands at 9371800.

Our preference

The downside prevails as long as 9371800 is resistance.

Alternative scenario

Above 9371800, look for 9566100 and 9681700.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9258594 and 9267025).

Supports and resistances

9681700 **

9566100 *

9371800 **

9295500

9213322 last

8951300

8836200 **

8721000 *

8605900 **

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