Bitcoin / Yen may rise to 10208100 - 10293500

Our pivot point stands at 9745900.

Our preference

Rebound towards 10293500.

Alternative scenario

Below 9745900, expect 9605000 and 9521200.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10042017 and 10181358). Finally, the Bitcoin / Yen is trading below its lower Bollinger band (standing at 9890321).

Supports and resistances

10464300 **

10378900 *

10293500 **

10208100

9872113 last

9801300

9745900 **

9605000 *

9521200 **

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