Bitcoin / Yen may fall to 9934100 - 10026300

Our pivot point stands at 10340300.

Our preference

As long as 10340300 is resistance look for 9934100.

Alternative scenario

The upside breakout of 10340300, would call for 10495300 and 10587500.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (10213438) but below its 50 period moving average (10227529).

Supports and resistances

10587500 **

10495300 *

10340300 **

10279400

10218487 last

10026300

9934100 **

9841900 *

9749700 **

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