Bitcoin / Yen may rise to 11049000 - 11159500

Our pivot point is at 10653200.

Our preference

The upside prevails as long as 10653200 is support.

Alternative scenario

Below 10653200, expect 10468000 and 10357800.

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 10754135 and 10797262).

Supports and resistances

11380600 **

11270100 *

11159500 **

11049000

10801202 last

10725900

10653200 **

10468000 *

10357800 **

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