Bitcoin / Yen may fall to 10026400 - 10112400

Our pivot point stands at 10404000.

Our preference

The downside prevails as long as 10404000 is resistance.

Alternative scenario

The upside breakout of 10404000, would call for 10548500 and 10634500.

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 is trading under both its 20 and 50 period moving average (respectively at 10308567 and 10321717).

Supports and resistances

10634500 **

10548500 *

10404000 **

10347200

10290453 last

10112400

10026400 **

9940500 *

9854500 **

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