Bitcoin / Yen may rise to 10951000 - 11060500

Our pivot point is at 10571300.

Our preference

Our next up target stands at 11060500.

Alternative scenario

The downside breakout of 10571300 would call for 10387600 and 10278200.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 10694324 and 10715664).

Supports and resistances

11279600 **

11170100 *

11060500 **

10951000

10716446 last

10643500

10571300 **

10387600 *

10278200 **

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