Bitcoin / Yen may fall to 8969500 - 9050100

Our pivot point stands at 9364100.

Our preference

The downside prevails as long as 9364100 is resistance.

Alternative scenario

Above 9364100, look for 9500100 and 9581100.

Comment

The RSI is below its neutrality area at 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 9251050 and 9287801).

Supports and resistances

9581100 **

9500100 *

9364100 **

9310600

9214219 last

9050100

8969500 **

8888900 *

8808300 **

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