Bitcoin / Yen may fall to 10443500 - 10539800

Our pivot point stands at 10860800.

Our preference

Target 10443500.

Alternative scenario

Above 10860800, look for 11022700 and 11119000.

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 is below its 20 period moving average (10752306) but above its 50 period moving average (10689962).

Supports and resistances

11119000 **

11022700 *

10860800 **

10797200

10733631 last

10539800

10443500 **

10347200 *

10250800 **

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