Bitcoin / Yen may fall to 9885100 - 9976800

Our pivot point stands at 10323500.

Our preference

The downside prevails as long as 10323500 is resistance.

Alternative scenario

Above 10323500, look for 10478200 and 10570300.

Comment

The RSI is below its neutrality area at 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 10236749 and 10239358).

Supports and resistances

10570300 **

10478200 *

10323500 **

10262700

10194838 last

9976800

9885100 **

9793300 *

9701600 **

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