Bitcoin / Yen may rise to 10525600 - 10614600

Our pivot point is at 10230000.

Our preference

The upside prevails as long as 10230000 is support.

Alternative scenario

Below 10230000, expect 10080400 and 9991400.

Comment

The RSI is above 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 10278217 and 10221062).

Supports and resistances

10792600 **

10703600 *

10614600 **

10525600

10347572 last

10288700

10230000 **

10080400 *

9991400 **

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