Bitcoin / Yen may rise to 8569400 - 8641100

Our pivot point is at 8321700.

Our preference

The upside prevails as long as 8321700 is support.

Alternative scenario

Below 8321700, expect 8201400 and 8129800.

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 trading above both its 20 and 50 period moving average (respectively at 8183734 and 7949180).

Supports and resistances

8784500 **

8712800 *

8641100 **

8569400

8418204 last

8369000

8321700 **

8201400 *

8129800 **

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