Bitcoin / Yen may rise to 9436600 - 9506400

Our pivot point stands at 9189000.

Our preference

As long as 9189000 is support look for 9506400.

Alternative scenario

The downside breakout of 9189000 would call for 9071900 and 9002300.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 9279559 and 9118019).

Supports and resistances

9646000 **

9576200 *

9506400 **

9436600

9285140 last

9235000

9189000 **

9071900 *

9002300 **

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