Bitcoin / Yen may rise to 9243900 - 9323300

Our pivot point is at 8930300.

Our preference

Rebound.

Alternative scenario

The downside breakout of 8930300 would call for 8797500 and 8718400.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (8994500) but below its 50 period moving average (9095608).

Supports and resistances

9482300 **

9402800 *

9323300 **

9243900

9079595 last

8982400

8930300 **

8797500 *

8718400 **

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