Bitcoin / Yen may rise to 8762900 - 8869900

8407600 is our pivot point.

Our preference

Rebound towards 8869900.

Alternative scenario

Below 8407600, expect 8227800 and 8120700.

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 stands below its 20 and 50 period moving average (respectively at 8596980 and 8804936).

Supports and resistances

9084000 **

8977000 *

8869900 **

8762900

8548847 last

8478200

8407600 **

8227800 *

8120700 **

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