Bitcoin / Yen may rise to 9430000 - 9511100

Our pivot point stands at 9160400.

Our preference

Rebound.

Alternative scenario

Below 9160400, expect 9024200 and 8943200.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (9259792) but below its 50 period moving average (9314341).

Supports and resistances

9673300 **

9592200 *

9511100 **

9430000

9267841 last

9213900

9160400 **

9024200 *

8943200 **

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