Bitcoin / Yen may rise to 10355500 - 10442200

Our pivot point is at 10006800.

Our preference

The upside prevails as long as 10006800 is support.

Alternative scenario

The downside breakout of 10006800 would call for 9862200 and 9776100.

Comment

The RSI is above 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 10091309 and 10105824).

Supports and resistances

10615400 **

10528800 *

10442200 **

10355500

10124478 last

10063600

10006800 **

9862200 *

9776100 **

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