Bitcoin / Yen may rise to 9069600 - 9136700

Our pivot point stands at 8772400.

Our preference

Rebound towards 9136700.

Alternative scenario

The downside breakout of 8772400 would call for 8660700 and 8594100.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 9038794 and 9342083).

Supports and resistances

9270800 **

9203800 *

9136700 **

9069600

8935419 last

8816300

8772400 **

8660700 *

8594100 **

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