Bitcoin / Yen may rise to 10222300 - 10313000

Our pivot point stands at 9918500.

Our preference

The upside prevails as long as 9918500 is support.

Alternative scenario

Below 9918500, expect 9766300 and 9675600.

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 9915532 and 9806907).

Supports and resistances

10494300 **

10403600 *

10313000 **

10222300

10040649 last

9978400

9918500 **

9766300 *

9675600 **

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