Bitcoin / Yen may rise to 10110900 - 10192800

Our pivot point is at 9782000.

Our preference

As long as 9782000 is support look for 10192800.

Alternative scenario

The downside breakout of 9782000 would call for 9645100 and 9563600.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 9782569 and 9556651).

Supports and resistances

10356700 **

10274800 *

10192800 **

10110900

9911455 last

9835700

9782000 **

9645100 *

9563600 **

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