Bitcoin / Yen may rise to 9057400 - 9133200

Our pivot point is at 8780000.

Our preference

As long as 8780000 is support look for 9133200.

Alternative scenario

The downside breakout of 8780000 would call for 8653100 and 8577600.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8896106 and 8832068).

Supports and resistances

9284700 **

9208900 *

9133200 **

9057400

8905894 last

8829900

8780000 **

8653100 *

8577600 **

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