Bitcoin / Yen may fall to 10721000 - 10825800

Our pivot point is at 11243100.

Our preference

Under pressure below 11243100.

Alternative scenario

The upside breakout of 11243100, would call for 11420200 and 11525700.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11103293 and 11075696). Finally, the Bitcoin / Yen has penetrated its lower Bollinger band (11050587).

Supports and resistances

11525700 **

11420200 *

11243100 **

11173500

11048789 last

10825800

10721000 **

10616200 *

10511400 **

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