Bitcoin / Yen may rise to 9976500 - 10060000

Our pivot point stands at 9681900.

Our preference

Rebound towards 10060000.

Alternative scenario

The downside breakout of 9681900 would call for 9542000 and 9458700.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (9790874) but under its 50 period moving average (9850093).

Supports and resistances

10226900 **

10143400 *

10060000 **

9976500

9801085 last

9736900

9681900 **

9542000 *

9458700 **

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