Bitcoin / Yen may rise to 9847600 - 9929900

Our pivot point stands at 9574100.

Our preference

Rebound towards 9929900.

Alternative scenario

The downside breakout of 9574100 would call for 9435700 and 9353300.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (9658962) but below its 50 period moving average (9786898).

Supports and resistances

10094700 **

10012300 *

9929900 **

9847600

9682829 last

9628500

9574100 **

9435700 *

9353300 **

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