Bitcoin / Yen may rise to 11098800 - 11209800

Our pivot point stands at 10629300.

Our preference

The upside prevails as long as 10629300 is support.

Alternative scenario

The downside breakout of 10629300 would call for 10444500 and 10334500.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10724744 and 10726565).

Supports and resistances

11431800 **

11320800 *

11209800 **

11098800

10779024 last

10701800

10629300 **

10444500 *

10334500 **

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