Bitcoin / Yen may rise to 10617500 - 11403500

7715200 is our pivot point.

Our preference

Rebound towards 11403500.

Alternative scenario

The downside breakout of 7715200 would call for 6442900 and 5685600.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (8736169) but below its 50 period moving average (9428777).

Supports and resistances

12975600 **

12189600 *

11403500 **

10617500

8931637 last

8215000

7715200 **

6442900 *

5685600 **

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