Bitcoin / Yen may fall to 10774100 - 10879400

Our pivot point stands at 11241200.

Our preference

Technical rebound towards 11241200 before a new drop.

Alternative scenario

Above 11241200, look for 11418300 and 11523700.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (11093557) but under its 50 period moving average (11099859).

Supports and resistances

11523700 **

11418300 *

11241200 **

11171600

11098083 last

10879400

10774100 **

10668700 *

10563400 **

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