Bitcoin / Yen may rise to 9422900 - 9503900

Our pivot point stands at 9151000.

Our preference

Rebound towards 9503900.

Alternative scenario

The downside breakout of 9151000 would call for 9015000 and 8934000.

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 above its 20 period moving average (9255688) but below its 50 period moving average (9322748).

Supports and resistances

9665900 **

9584900 *

9503900 **

9422900

9260819 last

9204500

9151000 **

9015000 *

8934000 **

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