Bitcoin / Yen may rise to 9961400 - 10047000

Our pivot point stands at 9677000.

Our preference

As long as 9677000 is support look for 10047000.

Alternative scenario

The downside breakout of 9677000 would call for 9533100 and 9447500.

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 below its 20 period moving average (9810660) but above its 50 period moving average (9562856).

Supports and resistances

10218300 **

10132700 *

10047000 **

9961400

9790058 last

9733500

9677000 **

9533100 *

9447500 **

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