Bitcoin / Yen may rise to 9278600 - 9358400

Our pivot point stands at 8984600.

Our preference

Rebound towards 9358400.

Alternative scenario

Below 8984600, expect 8851000 and 8771500.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 9130939 and 9207108).

Supports and resistances

9517900 **

9438100 *

9358400 **

9278600

9111389 last

9037100

8984600 **

8851000 *

8771500 **

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