Bitcoin / Yen may rise to 9062700 - 9138500

Our pivot point is at 8749900.

Our preference

As long as 8749900 is support look for 9138500.

Alternative scenario

Below 8749900, expect 8623400 and 8548100.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (8955631) but above its 50 period moving average (8675731).

Supports and resistances

9290100 **

9214300 *

9138500 **

9062700

8893538 last

8799600

8749900 **

8623400 *

8548100 **

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