Bitcoin / Yen may rise to 10507700 - 10600800

Our pivot point is at 10157900.

Our preference

The upside prevails as long as 10157900 is support.

Alternative scenario

The downside breakout of 10157900 would call for 10002000 and 9909100.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10213741 and 10144585).

Supports and resistances

10787200 **

10694000 *

10600800 **

10507700

10280407 last

10219100

10157900 **

10002000 *

9909100 **

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