Bitcoin / Yen may rise to 9855200 - 9937600

Our pivot point is at 9581500.

Our preference

Rebound towards 9937600.

Alternative scenario

The downside breakout of 9581500 would call for 9443000 and 9360600.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (9660719) but under its 50 period moving average (9805506).

Supports and resistances

10102500 **

10020100 *

9937600 **

9855200

9690338 last

9635900

9581500 **

9443000 *

9360600 **

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