Bitcoin / Yen may rise to 9439400 - 9509200

Our pivot point stands at 9192200.

Our preference

The upside prevails as long as 9192200 is support.

Alternative scenario

Below 9192200, expect 9075100 and 9005400.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9149619 and 9093605).

Supports and resistances

9648800 **

9579000 *

9509200 **

9439400

9299718 last

9238200

9192200 **

9075100 *

9005400 **

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