Bitcoin / Yen may rise to 9229700 - 9309000

Our pivot point is at 8945700.

Our preference

Rebound.

Alternative scenario

Below 8945700, expect 8812700 and 8733500.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (8988470) but below its 50 period moving average (9085588).

Supports and resistances

9467800 **

9388400 *

9309000 **

9229700

9050758 last

8998000

8945700 **

8812700 *

8733500 **

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