Bitcoin / Yen may rise to 8969700 - 9078000

Our pivot point stands at 8564900.

Our preference

Rebound.

Alternative scenario

Below 8564900, expect 8384000 and 8276400.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (8695103) but below its 50 period moving average (8727145).

Supports and resistances

9294500 **

9186200 *

9078000 **

8969700

8710225 last

8636000

8564900 **

8384000 *

8276400 **

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