Bitcoin / Yen may rise to 8793300 - 8900700

Our pivot point is at 8436700.

Our preference

Rebound towards 8900700.

Alternative scenario

The downside breakout of 8436700 would call for 8256200 and 8148800.

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 8597221 and 8761282).

Supports and resistances

9115500 **

9008100 *

8900700 **

8793300

8578488 last

8507500

8436700 **

8256200 *

8148800 **

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