Bitcoin / Yen may fall to 8677800 - 9286000

11306800 is our pivot point.

Our preference

Eye 8677800.

Alternative scenario

Above 11306800, look for 12328700 and 12937000.

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 its 20 period moving average (10730566) but above its 50 period moving average (10370019).

Supports and resistances

12937000 **

12328700 *

11306800 **

10905300

10502418 last

9286000

8677800 **

8069600 *

7461400 **

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