Bitcoin / Yen may fall to 10280400 - 10388700

10811900 is our pivot point.

Our preference

Under pressure below 10811900.

Alternative scenario

Above 10811900, look for 10994800 and 11103700.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10687207 and 10672393).

Supports and resistances

11103700 **

10994800 *

10811900 **

10740000

10664979 last

10388700

10280400 **

10172200 *

10063900 **

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