Bitcoin rises above ¥10.2 million, holds bullish stance in Japan

On July 9, Bitcoin’s price in Japan climbed to ¥10.27 million, a 1.4 % increase and the first bullish daily candle in three days. The price stayed above the 14‑day exponential moving average (¥10.11 million), which analysts cite as a short‑term bullish signal. Technical indicators such as the Commodity Channel Index (CCI = 54) and Fisher Transform remained in positive territory, while the ADX fell, suggesting weakening of the prior downtrend. The MACD stayed in the negative zone, indicating mixed momentum.

The rally occurs amid broader market activity, including a major holder’s sale of 3,588 BTC for $21.6 million—its largest sale to date—at a price well below its cost basis. This transaction, along with ongoing EU regulatory discussions on crypto assets, adds context to the price movement.

Overall, Bitcoin’s price action shows short‑term strength above key technical levels, though longer‑term trends remain uncertain.