Bitcoin / Yen may rise to 10477000 - 10569900

10168500 is our pivot point.

Our preference

The upside prevails as long as 10168500 is support.

Alternative scenario

The downside breakout of 10168500 would call for 10012400 and 9919500.

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 10272097 and 10243071).

Supports and resistances

10755800 **

10662800 *

10569900 **

10477000

10291171 last

10229800

10168500 **

10012400 *

9919500 **

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