Bitcoin / Yen may rise to 9197800 - 9310400

Our pivot point stands at 8748600.

Our preference

The upside prevails as long as 8748600 is support.

Alternative scenario

Below 8748600, expect 8561100 and 8449500.

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 8897104 and 8862986).

Supports and resistances

9535500 **

9422900 *

9310400 **

9197800

8965226 last

8822200

8748600 **

8561100 *

8449500 **

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