Bitcoin / Yen may rise to 8974200 - 9082500

Our pivot point stands at 8608500.

Our preference

The upside prevails as long as 8608500 is support.

Alternative scenario

The downside breakout of 8608500 would call for 8426700 and 8318500.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 8718415 and 8697637).

Supports and resistances

9299000 **

9190700 *

9082500 **

8974200

8755561 last

8679900

8608500 **

8426700 *

8318500 **

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