Bitcoin / Yen may rise to 11456300 - 12060300

9450900 is our pivot point.

Our preference

Our next up target stands at 12060300.

Alternative scenario

Below 9450900, expect 8436200 and 7832200.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 9592094 and 10165826).

Supports and resistances

13268200 **

12664300 *

12060300 **

11456300

10248223 last

9849500

9450900 **

8436200 *

7832200 **

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