Bitcoin / Yen may rise to 9129700 - 9239900

Our pivot point stands at 8763900.

Our preference

The upside prevails as long as 8763900 is support.

Alternative scenario

Below 8763900, expect 8578900 and 8468700.

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 8850255 and 8773719).

Supports and resistances

9460200 **

9350000 *

9239900 **

9129700

8909361 last

8836700

8763900 **

8578900 *

8468700 **

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