Bitcoin / Yen may rise to 9534900 - 9616900

Our pivot point stands at 9248200.

Our preference

As long as 9248200 is support look for 9616900.

Alternative scenario

The downside breakout of 9248200 would call for 9110700 and 9028800.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9323381 and 9146047).

Supports and resistances

9780800 **

9698900 *

9616900 **

9534900

9362903 last

9302200

9248200 **

9110700 *

9028800 **

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