Bitcoin / Yen may rise to 8857300 - 8964100

Our pivot point is at 8502300.

Our preference

Rebound towards 8964100.

Alternative scenario

The downside breakout of 8502300 would call for 8322700 and 8215800.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 8683946 and 8745510).

Supports and resistances

9177900 **

9071000 *

8964100 **

8857300

8643462 last

8572800

8502300 **

8322700 *

8215800 **

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