Bitcoin / Yen may fall to 8818200 - 8897400

Our pivot point stands at 9160400.

Our preference

The downside prevails as long as 9160400 is resistance.

Alternative scenario

Above 9160400, look for 9293500 and 9372800.

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 9195968 and 9232135).

Supports and resistances

9372800 **

9293500 *

9160400 **

9108200

9055862 last

8897400

8818200 **

8739000 *

8659700 **

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