Bitcoin / Yen may rise to 9131800 - 9243500

8727700 is our pivot point.

Our preference

The upside prevails as long as 8727700 is support.

Alternative scenario

The downside breakout of 8727700 would call for 8540700 and 8429400.

Comment

The RSI is above 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 8825455 and 8766540).

Supports and resistances

9467000 **

9355200 *

9243500 **

9131800

8902031 last

8801100

8727700 **

8540700 *

8429400 **

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