Bitcoin / Yen may rise to 10406300 - 10498600

10068400 is our pivot point.

Our preference

The upside prevails as long as 10068400 is support.

Alternative scenario

The downside breakout of 10068400 would call for 9913800 and 9821800.

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 10130246 and 10116910).

Supports and resistances

10683200 **

10590900 *

10498600 **

10406300

10190987 last

10129100

10068400 **

9913800 *

9821800 **

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