Bitcoin / Yen may rise to 9423900 - 9504900

Our pivot point stands at 9134300.

Our preference

Rebound towards 9504900.

Alternative scenario

The downside breakout of 9134300 would call for 8998500 and 8917700.

Comment

The RSI is below 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 9261101 and 9300405).

Supports and resistances

9667000 **

9586000 *

9504900 **

9423900

9244341 last

9187700

9134300 **

8998500 *

8917700 **

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