Bitcoin / Yen may fall to 8854300 - 8933900

9257000 is our pivot point.

Our preference

The downside prevails as long as 9257000 is resistance.

Alternative scenario

Above 9257000, look for 9391500 and 9471600.

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 9242710 and 9259512). Finally, the Bitcoin / Yen has penetrated its lower Bollinger band (9158081).

Supports and resistances

9471600 **

9391500 *

9257000 **

9204200

9136239 last

8933900

8854300 **

8774800 *

8695200 **

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