Bitcoin / Yen may rise to 9130700 - 9242400

8758900 is our pivot point.

Our preference

The upside prevails as long as 8758900 is support.

Alternative scenario

Below 8758900, expect 8571200 and 8459500.

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 8788336 and 8779416).

Supports and resistances

9465800 **

9354100 *

9242400 **

9130700

8906318 last

8832600

8758900 **

8571200 *

8459500 **

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