Bitcoin / Yen may rise to 10780300 - 10870500

Our pivot point stands at 10357800.

Our preference

As long as 10357800 is support look for 10870500.

Alternative scenario

The downside breakout of 10357800 would call for 10208100 and 10118900.

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 10444291 and 10256167).

Supports and resistances

11050800 **

10960700 *

10870500 **

10780300

10475390 last

10416600

10357800 **

10208100 *

10118900 **

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