Bitcoin / Yen may rise to 9407200 - 9483500

Our pivot point stands at 9128100.

Our preference

The upside prevails as long as 9128100 is support.

Alternative scenario

The downside breakout of 9128100 would call for 9000300 and 8924300.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 9185719 and 9122887).

Supports and resistances

9636000 **

9559700 *

9483500 **

9407200

9239531 last

9178200

9128100 **

9000300 *

8924300 **

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