Bitcoin / Yen may rise to 10781200 - 11578100

Our pivot point is at 8045000.

Our preference

Rebound.

Alternative scenario

Below 8045000, expect 6721100 and 5933100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (8893432) but below its 50 period moving average (9384829).

Supports and resistances

13171800 **

12375000 *

11578100 **

10781200

9107020 last

8565000

8045000 **

6721100 *

5933100 **

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