Bitcoin / Yen may rise to 8844000 - 8918000

Our pivot point stands at 8549700.

Our preference

Rebound towards 8918000.

Alternative scenario

The downside breakout of 8549700 would call for 8426200 and 8352600.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 8717086 and 8863318).

Supports and resistances

9065900 **

8992000 *

8918000 **

8844000

8661852 last

8598300

8549700 **

8426200 *

8352600 **

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