Bitcoin / Yen may rise to 9197600 - 9308600

Our pivot point stands at 8793100.

Our preference

The upside prevails as long as 8793100 is support.

Alternative scenario

The downside breakout of 8793100 would call for 8607400 and 8496900.

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 8895754 and 8801051).

Supports and resistances

9530500 **

9419600 *

9308600 **

9197600

8965176 last

8866000

8793100 **

8607400 *

8496900 **

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