Bitcoin / Yen may fall to 9845400 - 9932300

Our pivot point stands at 10297800.

Our preference

The downside prevails as long as 10297800 is resistance.

Alternative scenario

Above 10297800, look for 10444900 and 10532500.

Comment

The RSI is below 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 10178918 and 10224300).

Supports and resistances

10532500 **

10444900 *

10297800 **

10240000

10137738 last

9932300

9845400 **

9758500 *

9671500 **

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