Bitcoin / Yen may rise to 9469400 - 9550800

Our pivot point stands at 9180800.

Our preference

Rebound.

Alternative scenario

The downside breakout of 9180800 would call for 9044300 and 8963000.

Comment

The RSI is above 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 (9262850) but below its 50 period moving average (9308476).

Supports and resistances

9713700 **

9632200 *

9550800 **

9469400

9291840 last

9234400

9180800 **

9044300 *

8963000 **

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