Bitcoin / Yen may fall to 10440000 - 10542100

10925100 is our pivot point.

Our preference

The downside prevails as long as 10925100 is resistance.

Alternative scenario

The upside breakout of 10925100, would call for 11097200 and 11199700.

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 10811801 and 10771883).

Supports and resistances

11199700 **

11097200 *

10925100 **

10857400

10758357 last

10542100

10440000 **

10338000 *

10235900 **

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