Bitcoin / Yen may rise to 8774000 - 8881100

Our pivot point is at 8418200.

Our preference

Rebound towards 8881100.

Alternative scenario

The downside breakout of 8418200 would call for 8238100 and 8131000.

Comment

The RSI is below 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 8593528 and 8783602).

Supports and resistances

9095400 **

8988300 *

8881100 **

8774000

8559627 last

8488900

8418200 **

8238100 *

8131000 **

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