Bitcoin / Yen may fall to 10285500 - 10393800

Our pivot point is at 10824000.

Our preference

The downside prevails as long as 10824000 is resistance.

Alternative scenario

The upside breakout of 10824000, would call for 11007200 and 11116200.

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 is trading under both its 20 and 50 period moving average (respectively at 10711362 and 10713433).

Supports and resistances

11116200 **

11007200 *

10824000 **

10752100

10671541 last

10393800

10285500 **

10177200 *

10068900 **

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