Bitcoin / Yen may rise to 8579900 - 8651700

Our pivot point is at 8282200.

Our preference

The upside prevails as long as 8282200 is support.

Alternative scenario

Below 8282200, expect 8162500 and 8091300.

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 8264502 and 8013396).

Supports and resistances

8795200 **

8723400 *

8651700 **

8579900

8433101 last

8329300

8282200 **

8162500 *

8091300 **

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