Bitcoin / Yen may rise to 10421300 - 10984600

Our pivot point stands at 8441100.

Our preference

As long as 8441100 is support look for 10984600.

Alternative scenario

Below 8441100, expect 7506900 and 6950700.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9171861 and 8773089).

Supports and resistances

12111300 **

11548000 *

10984600 **

10421300

9265464 last

8808200

8441100 **

7506900 *

6950700 **

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