Bitcoin / Yen may fall to 9896600 - 9988500

Our pivot point stands at 10293400.

Our preference

The downside prevails as long as 10293400 is resistance.

Alternative scenario

The upside breakout of 10293400, would call for 10447700 and 10539500.

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 10196548 and 10235685).

Supports and resistances

10539500 **

10447700 *

10293400 **

10232800

10172138 last

9988500

9896600 **

9804800 *

9712900 **

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