Bitcoin / Yen may fall to 9775900 - 9866600

Our pivot point is at 10189000.

Our preference

The downside prevails as long as 10189000 is resistance.

Alternative scenario

The upside breakout of 10189000, would call for 10341700 and 10432600.

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 10087793 and 10075773).

Supports and resistances

10432600 **

10341700 *

10189000 **

10129000

10055084 last

9866600

9775900 **

9685200 *

9594500 **

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