Bitcoin / Yen may rise to 8961100 - 9070600

Our pivot point stands at 8534100.

Our preference

Rebound towards 9070600.

Alternative scenario

Below 8534100, expect 8351600 and 8242900.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (8693796) but below its 50 period moving average (8952991).

Supports and resistances

9289500 **

9180000 *

9070600 **

8961100

8720412 last

8605800

8534100 **

8351600 *

8242900 **

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