Bitcoin / Yen may rise to 9115900 - 9192100

Our pivot point stands at 8767700.

Our preference

As long as 8767700 is support look for 9192100.

Alternative scenario

The downside breakout of 8767700 would call for 8641000 and 8565600.

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 below its 20 period moving average (8975828) but above its 50 period moving average (8602345).

Supports and resistances

9344600 **

9268400 *

9192100 **

9115900

8915101 last

8817500

8767700 **

8641000 *

8565600 **

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