Bitcoin / Yen may rise to 9393200 - 9469300

Our pivot point stands at 9038300.

Our preference

Rebound towards 9469300.

Alternative scenario

The downside breakout of 9038300 would call for 8911800 and 8836500.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (9147056) but below its 50 period moving average (9237921).

Supports and resistances

9621600 **

9545400 *

9469300 **

9393200

9147193 last

9088000

9038300 **

8911800 *

8836500 **

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