Bitcoin / Yen may rise to 8258000 - 8327100

Our pivot point stands at 8028700.

Our preference

As long as 8028700 is support look for 8327100.

Alternative scenario

Below 8028700, expect 7912600 and 7843600.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (8127985) but above its 50 period moving average (7927125).

Supports and resistances

8465200 **

8396200 *

8327100 **

8258000

8119863 last

8074300

8028700 **

7912600 *

7843600 **

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