Bitcoin / Yen may rise to 11071400 - 11185900

Our pivot point stands at 10689700.

Our preference

Our next up target stands at 11185900.

Alternative scenario

The downside breakout of 10689700 would call for 10497400 and 10382900.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10825902 and 10834867).

Supports and resistances

11414800 **

11300300 *

11185900 **

11071400

10842011 last

10765200

10689700 **

10497400 *

10382900 **

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