Bitcoin / Yen may fall to 8618900 - 8731000

Our pivot point is at 9135900.

Our preference

The downside prevails as long as 9135900 is resistance.

Alternative scenario

Above 9135900, look for 9325000 and 9437500.

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 9065185 and 9157840).

Supports and resistances

9437500 **

9325000 *

9135900 **

9061700

8968635 last

8731000

8618900 **

8506800 *

8394700 **

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