Bitcoin / Yen may rise to 9092700 - 9203900

Our pivot point stands at 8723300.

Our preference

As long as 8723300 is support look for 9203900.

Alternative scenario

Below 8723300, expect 8536400 and 8425100.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (8883390) but above its 50 period moving average (8825154).

Supports and resistances

9426400 **

9315200 *

9203900 **

9092700

8870146 last

8796700

8723300 **

8536400 *

8425100 **

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