Bitcoin / Yen may fall to 10596900 - 10700500

Our pivot point is at 11094100.

Our preference

The downside prevails as long as 11094100 is resistance.

Alternative scenario

The upside breakout of 11094100, would call for 11268900 and 11373000.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10949075 and 10928042). Finally, the Bitcoin / Yen is trading below its lower Bollinger band (standing at 10912548).

Supports and resistances

11373000 **

11268900 *

11094100 **

11025500

10908079 last

10700500

10596900 **

10493300 *

10389800 **

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