Bitcoin / Yen may rise to 11228200 - 11757200

9470500 is our pivot point.

Our preference

Rebound towards 11757200.

Alternative scenario

The downside breakout of 9470500 would call for 8581900 and 8053000.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (10161303) but below its 50 period moving average (10490657).

Supports and resistances

12815200 **

12286200 *

11757200 **

11228200

10170247 last

9819600

9470500 **

8581900 *

8053000 **

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