Bitcoin / Yen may rise to 11056700 - 11171100

Our pivot point is at 10621400.

Our preference

Rebound.

Alternative scenario

Below 10621400, expect 10430300 and 10316600.

Comment

The RSI is above 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 stands above its 20 period moving average (10794459) but below its 50 period moving average (10828141).

Supports and resistances

11399700 **

11285400 *

11171100 **

11056700

10813639 last

10696400

10621400 **

10430300 *

10316600 **

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