Bitcoin / Yen may fall to 8838600 - 8918100

Our pivot point stands at 9181700.

Our preference

The downside prevails as long as 9181700 is resistance.

Alternative scenario

The upside breakout of 9181700, would call for 9315100 and 9394500.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 9172998 and 9225199).

Supports and resistances

9394500 **

9315100 *

9181700 **

9129300

9076872 last

8918100

8838600 **

8759200 *

8679800 **

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