Bitcoin / Yen may fall to 9930400 - 10018100

Our pivot point is at 10309200.

Our preference

Technical rebound towards 10309200 before a new drop.

Alternative scenario

The upside breakout of 10309200, would call for 10456500 and 10544200.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (10179859) but under its 50 period moving average (10197001).

Supports and resistances

10544200 **

10456500 *

10309200 **

10251300

10193455 last

10018100

9930400 **

9842800 *

9755100 **

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