Bitcoin / Yen may rise to 11007300 - 11117400

Our pivot point is at 10607000.

Our preference

The upside prevails as long as 10607000 is support.

Alternative scenario

The downside breakout of 10607000 would call for 10422600 and 10312900.

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 above its 20 and 50 period moving average (respectively at 10707570 and 10685961).

Supports and resistances

11337600 **

11227500 *

11117400 **

11007300

10767925 last

10679400

10607000 **

10422600 *

10312900 **

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