Bitcoin / Yen may rise to 9125700 - 9237300

Our pivot point stands at 8668700.

Our preference

The upside prevails as long as 8668700 is support.

Alternative scenario

The downside breakout of 8668700 would call for 8482900 and 8372400.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 8710973 and 8754768). Finally, the Bitcoin / Yen has crossed above its upper Bollinger band (8832432).

Supports and resistances

9460600 **

9349000 *

9237300 **

9125700

8883582 last

8741700

8668700 **

8482900 *

8372400 **

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