Bitcoin / Yen may rise to 12748500 - 13562000

Our pivot point is at 10047400.

Our preference

The upside prevails as long as 10047400 is support.

Alternative scenario

Below 10047400, expect 8680800 and 7867300.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9952756 and 10056297). Finally, the Bitcoin / Yen is trading above its upper Bollinger band (standing at 11013046).

Supports and resistances

15189000 **

14375500 *

13562000 **

12748500

11121462 last

10584300

10047400 **

8680800 *

7867300 **

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