Bitcoin / Yen may rise to 11146800 - 11766500

8957500 is our pivot point.

Our preference

The upside prevails as long as 8957500 is support.

Alternative scenario

The downside breakout of 8957500 would call for 7931500 and 7320800.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 9270617 and 8824465).

Supports and resistances

13005900 **

12386200 *

11766500 **

11146800

9788817 last

9360600

8957500 **

7931500 *

7320800 **

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