Bitcoin / Yen may fall to 9922800 - 10014900

Our pivot point is at 10321200.

Our preference

The downside prevails as long as 10321200 is resistance.

Alternative scenario

The upside breakout of 10321200, would call for 10475900 and 10568000.

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 10227570 and 10205298).

Supports and resistances

10568000 **

10475900 *

10321200 **

10260400

10203258 last

10014900

9922800 **

9830700 *

9738600 **

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