Bitcoin / Yen may rise to 9170300 - 9247000

8881600 is our pivot point.

Our preference

The upside prevails as long as 8881600 is support.

Alternative scenario

The downside breakout of 8881600 would call for 8753200 and 8676800.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8955937 and 8936693).

Supports and resistances

9400400 **

9323700 *

9247000 **

9170300

9004732 last

8932000

8881600 **

8753200 *

8676800 **

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