Bitcoin / Yen may rise to 10505400 - 10594200

Our pivot point stands at 10209700.

Our preference

The upside prevails as long as 10209700 is support.

Alternative scenario

The downside breakout of 10209700 would call for 10060500 and 9971700.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10284860 and 10226288).

Supports and resistances

10771900 **

10683100 *

10594200 **

10505400

10327740 last

10268300

10209700 **

10060500 *

9971700 **

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