Bitcoin / Yen may fall to 9800800 - 9887400

10257100 is our pivot point.

Our preference

The downside prevails as long as 10257100 is resistance.

Alternative scenario

Above 10257100, look for 10403700 and 10490900.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10167364 and 10175225).

Supports and resistances

10490900 **

10403700 *

10257100 **

10199500

10141961 last

9887400

9800800 **

9714300 *

9627800 **

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