Bitcoin / Yen may rise to 9151100 - 9263100

Our pivot point stands at 8746500.

Our preference

As long as 8746500 is support look for 9263100.

Alternative scenario

Below 8746500, expect 8559100 and 8447500.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8843827 and 8754233).

Supports and resistances

9487000 **

9375100 *

9263100 **

9151100

8893765 last

8820100

8746500 **

8559100 *

8447500 **

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