Bitcoin / Yen may rise to 9398400 - 9513400

8974900 is our pivot point.

Our preference

Rebound towards 9513400.

Alternative scenario

The downside breakout of 8974900 would call for 8782600 and 8668100.

Comment

The RSI is below 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 9162463 and 9215103).

Supports and resistances

9743400 **

9628400 *

9513400 **

9398400

9129114 last

9050500

8974900 **

8782600 *

8668100 **

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