Bitcoin / Yen may rise to 10525800 - 10614800

Our pivot point is at 10166500.

Our preference

The upside prevails as long as 10166500 is support.

Alternative scenario

The downside breakout of 10166500 would call for 10017900 and 9929400.

Comment

The RSI is above 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 10255571 and 10206668). Finally, the Bitcoin / Yen is trading above its upper Bollinger band (standing at 10347395).

Supports and resistances

10792800 **

10703800 *

10614800 **

10525800

10347779 last

10224800

10166500 **

10017900 *

9929400 **

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