Bitcoin / Yen may rise to 9546600 - 9628700

9269000 is our pivot point.

Our preference

As long as 9269000 is support look for 9628700.

Alternative scenario

The downside breakout of 9269000 would call for 9131200 and 9049100.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (9400744) but above its 50 period moving average (9329052).

Supports and resistances

9792800 **

9710800 *

9628700 **

9546600

9385500 last

9323100

9269000 **

9131200 *

9049100 **

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