Bitcoin / Yen may rise to 9068600 - 9178100

Our pivot point stands at 8531600.

Our preference

Rebound.

Alternative scenario

Below 8531600, expect 8351400 and 8244200.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (8672518) but below its 50 period moving average (8808092). Finally, the Bitcoin / Yen is trading above its upper Bollinger band (standing at 8786108).

Supports and resistances

9396900 **

9287500 *

9178100 **

9068600

8799707 last

8602400

8531600 **

8351400 *

8244200 **

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