Bitcoin / Yen may rise to 10170900 - 10261100

Our pivot point is at 9870800.

Our preference

The upside prevails as long as 9870800 is support.

Alternative scenario

Below 9870800, expect 9719300 and 9629100.

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 trading above both its 20 and 50 period moving average (respectively at 9891159 and 9779985).

Supports and resistances

10441500 **

10351300 *

10261100 **

10170900

9990499 last

9930300

9870800 **

9719300 *

9629100 **

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