Bitcoin / Yen may rise to 8867100 - 8941200

Our pivot point is at 8526200.

Our preference

Rebound towards 8941200.

Alternative scenario

Below 8526200, expect 8402900 and 8329600.

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 8695801 and 8821751).

Supports and resistances

9089600 **

9015400 *

8941200 **

8867100

8675475 last

8574600

8526200 **

8402900 *

8329600 **

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