Bitcoin / Yen may fall to 10523600 - 10626500

11049200 is our pivot point.

Our preference

The downside prevails as long as 11049200 is resistance.

Alternative scenario

The upside breakout of 11049200, would call for 11223300 and 11326900.

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 is trading under both its 20 and 50 period moving average (respectively at 11097707 and 11098436). Finally, the Bitcoin / Yen has penetrated its lower Bollinger band (10921139).

Supports and resistances

11326900 **

11223300 *

11049200 **

10980800

10909899 last

10626500

10523600 **

10420700 *

10317900 **

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