Bitcoin / Yen may rise to 9393200 - 9508100

Our pivot point stands at 9011600.

Our preference

Rebound towards 9508100.

Alternative scenario

Below 9011600, expect 8818500 and 8703600.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 9175764 and 9225597).

Supports and resistances

9738000 **

9623100 *

9508100 **

9393200

9163326 last

9087500

9011600 **

8818500 *

8703600 **

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