Bitcoin / Yen may rise to 9102200 - 9213600

8727500 is our pivot point.

Our preference

The upside prevails as long as 8727500 is support.

Alternative scenario

Below 8727500, expect 8540500 and 8429200.

Comment

The RSI is above 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 8769983 and 8775955).

Supports and resistances

9436300 **

9324900 *

9213600 **

9102200

8879440 last

8801000

8727500 **

8540500 *

8429200 **

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