Bitcoin / Yen may rise to 9325800 - 9405900

Our pivot point is at 9022600.

Our preference

The upside prevails as long as 9022600 is support.

Alternative scenario

Below 9022600, expect 8888400 and 8808600.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9009536 and 9075716).

Supports and resistances

9566300 **

9486100 *

9405900 **

9325800

9158846 last

9075300

9022600 **

8888400 *

8808600 **

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