Bitcoin / Yen may rise to 8942800 - 9052200

Our pivot point stands at 8542100.

Our preference

Rebound towards 9052200.

Alternative scenario

The downside breakout of 8542100 would call for 8359100 and 8250200.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (8676215) but under its 50 period moving average (8734100).

Supports and resistances

9271100 **

9161600 *

9052200 **

8942800

8704628 last

8614000

8542100 **

8359100 *

8250200 **

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