Bitcoin / Yen may fall to 10406400 - 10508100

10916800 is our pivot point.

Our preference

The downside prevails as long as 10916800 is resistance.

Alternative scenario

Above 10916800, look for 11088800 and 11191200.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10781459 and 10774554).

Supports and resistances

11191200 **

11088800 *

10916800 **

10849200

10753375 last

10508100

10406400 **

10304700 *

10202900 **

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