Bitcoin / Yen may rise to 12448800 - 13220100

Our pivot point stands at 9887900.

Our preference

The upside prevails as long as 9887900 is support.

Alternative scenario

The downside breakout of 9887900 would call for 8592200 and 7820900.

Comment

The RSI is above its neutrality area at 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 10365925 and 10116217).

Supports and resistances

14762700 **

13991400 *

13220100 **

12448800

10906263 last

10396900

9887900 **

8592200 *

7820900 **

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