Bitcoin / Yen may rise to 9047900 - 9158600

Our pivot point stands at 8680300.

Our preference

The upside prevails as long as 8680300 is support.

Alternative scenario

The downside breakout of 8680300 would call for 8494300 and 8383600.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 8790256 and 8774007).

Supports and resistances

9380000 **

9269300 *

9158600 **

9047900

8826448 last

8753400

8680300 **

8494300 *

8383600 **

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