Bitcoin / Yen may rise to 8398400 - 8468700

8096800 is our pivot point.

Our preference

The upside prevails as long as 8096800 is support.

Alternative scenario

The downside breakout of 8096800 would call for 7979800 and 7910100.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 8124730 and 7976013).

Supports and resistances

8609200 **

8538900 *

8468700 **

8398400

8248815 last

8142800

8096800 **

7979800 *

7910100 **

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