Bitcoin / Yen may fall to 8185500 - 8292000

Our pivot point is at 8722000.

Our preference

The downside prevails as long as 8722000 is resistance.

Alternative scenario

Above 8722000, look for 8902500 and 9009900.

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 8746033 and 8993787).

Supports and resistances

9009900 **

8902500 *

8722000 **

8651100

8574948 last

8292000

8185500 **

8079000 *

7972600 **

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