Bitcoin / Yen may fall to 9878100 - 9965400

Our pivot point stands at 10302400.

Our preference

The downside prevails as long as 10302400 is resistance.

Alternative scenario

The upside breakout of 10302400, would call for 10449600 and 10537200.

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 10193328 and 10181284).

Supports and resistances

10537200 **

10449600 *

10302400 **

10244600

10170523 last

9965400

9878100 **

9790900 *

9703700 **

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