Bitcoin / Yen may rise to 10908700 - 11017800

Our pivot point stands at 10544000.

Our preference

The upside prevails as long as 10544000 is support.

Alternative scenario

The downside breakout of 10544000 would call for 10360800 and 10251700.

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 10674275 and 10675178). Finally, the Bitcoin / Yen is trading above its upper Bollinger band (standing at 10687140).

Supports and resistances

11236100 **

11127000 *

11017800 **

10908700

10688946 last

10616100

10544000 **

10360800 *

10251700 **

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