Bitcoin / Yen may fall to 10155000 - 10242000

Our pivot point stands at 10556200.

Our preference

The downside prevails as long as 10556200 is resistance.

Alternative scenario

The upside breakout of 10556200, would call for 10702800 and 10790000.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10425345 and 10456535).

Supports and resistances

10790000 **

10702800 *

10556200 **

10498600

10423688 last

10242000

10155000 **

10067900 *

9980800 **

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