Bitcoin / Yen may rise to 9198500 - 9275400

8768600 is our pivot point.

Our preference

Rebound towards 9275400.

Alternative scenario

Below 8768600, expect 8641900 and 8566400.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 8946288 and 9132530).

Supports and resistances

9429300 **

9352300 *

9275400 **

9198500

8871490 last

8818400

8768600 **

8641900 *

8566400 **

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