Bitcoin / Yen may rise to 9164400 - 9241000

Our pivot point stands at 8848700.

Our preference

As long as 8848700 is support look for 9241000.

Alternative scenario

The downside breakout of 8848700 would call for 8720800 and 8644700.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 8919536 and 8563249).

Supports and resistances

9394300 **

9317700 *

9241000 **

9164400

9004024 last

8899000

8848700 **

8720800 *

8644700 **

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