Bitcoin / Yen may rise to 9217100 - 9329800

Our pivot point stands at 8763000.

Our preference

The upside prevails as long as 8763000 is support.

Alternative scenario

The downside breakout of 8763000 would call for 8575300 and 8463500.

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 8874738 and 8768195).

Supports and resistances

9555400 **

9442600 *

9329800 **

9217100

8922616 last

8836800

8763000 **

8575300 *

8463500 **

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