Bitcoin / Yen may rise to 8894000 - 9001400

8510300 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 8510300, expect 8330600 and 8223600.

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 is trading above its 20 period moving average (8605942) but under its 50 period moving average (8732061).

Supports and resistances

9216000 **

9108700 *

9001400 **

8894000

8661526 last

8580900

8510300 **

8330600 *

8223600 **

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