Bitcoin / Yen may rise to 9106900 - 9218300

8735200 is our pivot point.

Our preference

As long as 8735200 is support look for 9218300.

Alternative scenario

Below 8735200, expect 8548000 and 8436600.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (8886290) but above its 50 period moving average (8816892).

Supports and resistances

9441200 **

9329800 *

9218300 **

9106900

8882218 last

8808700

8735200 **

8548000 *

8436600 **

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