Bitcoin / Yen may fall to 9909300 - 9996800

Our pivot point stands at 10334600.

Our preference

As long as 10334600 is resistance look for 9909300.

Alternative scenario

Above 10334600, look for 10482200 and 10570100.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10193686 and 10189768).

Supports and resistances

10570100 **

10482200 *

10334600 **

10276600

10189718 last

9996800

9909300 **

9821800 *

9734300 **

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