Bitcoin / Yen may rise to 11177900 - 11293500

10745300 is our pivot point.

Our preference

As long as 10745300 is support look for 11293500.

Alternative scenario

The downside breakout of 10745300 would call for 10552100 and 10437000.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10922535 and 10872163).

Supports and resistances

11524600 **

11409000 *

11293500 **

11177900

10938999 last

10821300

10745300 **

10552100 *

10437000 **

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