Bitcoin / Yen may rise to 9139300 - 9217900

Our pivot point is at 8878400.

Our preference

Rebound towards 9217900.

Alternative scenario

The downside breakout of 8878400 would call for 8746400 and 8667800.

Comment

The RSI is below its neutrality area at 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 9013975 and 9120526).

Supports and resistances

9375000 **

9296400 *

9217900 **

9139300

8982129 last

8930300

8878400 **

8746400 *

8667800 **

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