Bitcoin / Yen may rise to 9540600 - 9657300

9130500 is our pivot point.

Our preference

As long as 9130500 is support look for 9657300.

Alternative scenario

The downside breakout of 9130500 would call for 8934900 and 8818400.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 9275048 and 9094830).

Supports and resistances

9890800 **

9774000 *

9657300 **

9540600

9299658 last

9207400

9130500 **

8934900 *

8818400 **

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