Bitcoin / Yen may fall to 10175600 - 10269500

Our pivot point stands at 10609100.

Our preference

The downside prevails as long as 10609100 is resistance.

Alternative scenario

The upside breakout of 10609100, would call for 10767200 and 10861300.

Comment

The RSI is below 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 10492219 and 10465819).

Supports and resistances

10861300 **

10767200 *

10609100 **

10547000

10465375 last

10269500

10175600 **

10081800 *

9987900 **

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