Bitcoin / Yen may rise to 10996700 - 11106700

Our pivot point stands at 10538400.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10538400 would call for 10355200 and 10246200.

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 its 20 period moving average (10723079) but under its 50 period moving average (10798553).

Supports and resistances

11326700 **

11216700 *

11106700 **

10996700

10772485 last

10610400

10538400 **

10355200 *

10246200 **

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