Bitcoin / Yen may rise to 11077100 - 11187900

Our pivot point stands at 10668900.

Our preference

The upside prevails as long as 10668900 is support.

Alternative scenario

The downside breakout of 10668900 would call for 10483400 and 10373000.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10749219 and 10796943).

Supports and resistances

11409600 **

11298700 *

11187900 **

11077100

10850122 last

10741700

10668900 **

10483400 *

10373000 **

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