Bitcoin / Yen may rise to 9619200 - 9702000

9276100 is our pivot point.

Our preference

The upside prevails as long as 9276100 is support.

Alternative scenario

Below 9276100, expect 9138200 and 9056100.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 9152836 and 9086376).

Supports and resistances

9867400 **

9784700 *

9702000 **

9619200

9402643 last

9330300

9276100 **

9138200 *

9056100 **

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