Bitcoin / Yen may rise to 9014800 - 9123500

Our pivot point is at 8630600.

Our preference

As long as 8630600 is support look for 9123500.

Alternative scenario

Below 8630600, expect 8448400 and 8339900.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 8768799 and 8709277).

Supports and resistances

9341100 **

9232300 *

9123500 **

9014800

8784002 last

8702200

8630600 **

8448400 *

8339900 **

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