Bitcoin / Yen may rise to 8993500 - 9068800

8736700 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 8736700, expect 8610500 and 8535300.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (8689765) but under its 50 period moving average (8843808).

Supports and resistances

9219200 **

9144000 *

9068800 **

8993500

8843094 last

8786300

8736700 **

8610500 *

8535300 **

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