Bitcoin / Yen may rise to 9500700 - 9616900

9114700 is our pivot point.

Our preference

Look for a drop towards 9114700 before a bounce.

Alternative scenario

The downside breakout of 9114700 would call for 8919400 and 8803200.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price stands above its 20 period moving average (9265623) but below its 50 period moving average (9271608).

Supports and resistances

9849400 **

9733200 *

9616900 **

9500700

9268184 last

9191500

9114700 **

8919400 *

8803200 **

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