Bitcoin / Yen may rise to 10338800 - 10425200

Our pivot point stands at 9993500.

Our preference

As long as 9993500 is support look for 10425200.

Alternative scenario

The downside breakout of 9993500 would call for 9849100 and 9763100.

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 10125719 and 9899724).

Supports and resistances

10598200 **

10511700 *

10425200 **

10338800

10165794 last

10050300

9993500 **

9849100 *

9763100 **

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