Bitcoin / Yen may rise to 10535200 - 10628700

Our pivot point stands at 10185800.

Our preference

The upside prevails as long as 10185800 is support.

Alternative scenario

The downside breakout of 10185800 would call for 10029400 and 9936300.

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 10282567 and 10246864).

Supports and resistances

10815500 **

10722100 *

10628700 **

10535200

10340739 last

10247200

10185800 **

10029400 *

9936300 **

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