Bitcoin / Yen may fall to 8841900 - 8957100

9374300 is our pivot point.

Our preference

The downside prevails as long as 9374300 is resistance.

Alternative scenario

The upside breakout of 9374300, would call for 9568600 and 9684300.

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 9217636 and 9249392).

Supports and resistances

9684300 **

9568600 *

9374300 **

9298000

9187621 last

8957100

8841900 **

8726700 *

8611400 **

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