Bitcoin / Yen may fall to 10416000 - 10512000

Our pivot point is at 10834100.

Our preference

Target 10416000.

Alternative scenario

Above 10834100, look for 10995500 and 11091700.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (10759984) but above its 50 period moving average (10680087).

Supports and resistances

11091700 **

10995500 *

10834100 **

10770700

10707239 last

10512000

10416000 **

10319900 *

10223800 **

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