Bitcoin / Yen may rise to 8900100 - 9007500

Our pivot point stands at 8383400.

Our preference

Rebound towards 9007500.

Alternative scenario

The downside breakout of 8383400 would call for 8206300 and 8100900.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 8653344 and 8702468).

Supports and resistances

9222300 **

9114900 *

9007500 **

8900100

8595759 last

8452900

8383400 **

8206300 *

8100900 **

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