Bitcoin / Yen may fall to 10774600 - 10879900

Our pivot point is at 11256300.

Our preference

As long as 11256300 is resistance look for 10774600.

Alternative scenario

The upside breakout of 11256300, would call for 11433600 and 11539200.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (11094645) but below its 50 period moving average (11096466).

Supports and resistances

11539200 **

11433600 *

11256300 **

11186600

11095518 last

10879900

10774600 **

10669300 *

10564000 **

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