Bitcoin / Yen may fall to 9601200 - 9685000

Our pivot point is at 9992700.

Our preference

Under pressure below 9992700.

Alternative scenario

The upside breakout of 9992700, would call for 10133900 and 10218000.

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 trading under both its 20 and 50 period moving average (respectively at 9915805 and 9871547).

Supports and resistances

10218000 **

10133900 *

9992700 **

9937200

9870525 last

9685000

9601200 **

9517400 *

9433600 **

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