Bitcoin / Yen may rise to 9431700 - 9508100

Our pivot point stands at 9131200.

Our preference

The upside prevails as long as 9131200 is support.

Alternative scenario

Below 9131200, expect 9003500 and 8927400.

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 9126920 and 9124040).

Supports and resistances

9661000 **

9584600 *

9508100 **

9431700

9264576 last

9181400

9131200 **

9003500 *

8927400 **

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