Bitcoin / Yen may rise to 10887700 - 10996600

Our pivot point stands at 10508800.

Our preference

Rebound towards 10996600.

Alternative scenario

The downside breakout of 10508800 would call for 10326100 and 10217400.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (10654041) but below its 50 period moving average (10706482).

Supports and resistances

11214400 **

11105500 *

10996600 **

10887700

10659305 last

10580600

10508800 **

10326100 *

10217400 **

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