Bitcoin / Yen may rise to 9194400 - 9273500

Our pivot point stands at 8931900.

Our preference

Rebound.

Alternative scenario

The downside breakout of 8931900 would call for 8799100 and 8720100.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (8997740) but below its 50 period moving average (9103667).

Supports and resistances

9431600 **

9352500 *

9273500 **

9194400

9036296 last

8984100

8931900 **

8799100 *

8720100 **

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