Bitcoin / Yen may rise to 8551300 - 8622800

Our pivot point stands at 8313700.

Our preference

Our next up target stands at 8622800.

Alternative scenario

Below 8313700, expect 8193600 and 8122000.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8284960 and 8223795).

Supports and resistances

8765900 **

8694400 *

8622800 **

8551300

8408129 last

8360900

8313700 **

8193600 *

8122000 **

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