Bitcoin / Yen may fall to 9881500 - 9973200

Our pivot point stands at 10277700.

Our preference

The downside prevails as long as 10277700 is resistance.

Alternative scenario

The upside breakout of 10277700, would call for 10431800 and 10523500.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10210842 and 10238327).

Supports and resistances

10523500 **

10431800 *

10277700 **

10217200

10156692 last

9973200

9881500 **

9789800 *

9698100 **

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