Bitcoin / Yen may rise to 10371900 - 10458700

Our pivot point stands at 10051300.

Our preference

Rebound.

Alternative scenario

Below 10051300, expect 9906000 and 9819600.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (10125220) but below its 50 period moving average (10200475).

Supports and resistances

10632200 **

10545500 *

10458700 **

10371900

10166410 last

10108400

10051300 **

9906000 *

9819600 **

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