Bitcoin / Yen may rise to 9863000 - 9945500

Our pivot point is at 9542300.

Our preference

Rebound towards 9945500.

Alternative scenario

Below 9542300, expect 9404400 and 9322300.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 9787623 and 10008302).

Supports and resistances

10110500 **

10028000 *

9945500 **

9863000

9697993 last

9596500

9542300 **

9404400 *

9322300 **

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