Bitcoin / Yen may rise to 9151100 - 9261600

8710300 is our pivot point.

Our preference

The upside prevails as long as 8710300 is support.

Alternative scenario

Below 8710300, expect 8526300 and 8416800.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 8803585 and 8741841).

Supports and resistances

9482400 **

9372000 *

9261600 **

9151100

8914236 last

8782500

8710300 **

8526300 *

8416800 **

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