Bitcoin / Yen may rise to 9214000 - 9325200

Our pivot point is at 8814500.

Our preference

The upside prevails as long as 8814500 is support.

Alternative scenario

The downside breakout of 8814500 would call for 8628400 and 8517600.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8923674 and 8815490).

Supports and resistances

9547600 **

9436400 *

9325200 **

9214000

8982738 last

8887700

8814500 **

8628400 *

8517600 **

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