Bitcoin / Yen may fall to 8857200 - 8936700

Our pivot point stands at 9200900.

Our preference

The downside prevails as long as 9200900 is resistance.

Alternative scenario

The upside breakout of 9200900, would call for 9334600 and 9414200.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9158105 and 9219002).

Supports and resistances

9414200 **

9334600 *

9200900 **

9148400

9095876 last

8936700

8857200 **

8777600 *

8698000 **

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