Bitcoin / Yen may rise to 10520700 - 10609600

Our pivot point stands at 10225300.

Our preference

As long as 10225300 is support look for 10609600.

Alternative scenario

The downside breakout of 10225300 would call for 10075900 and 9986900.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10299507 and 10231894).

Supports and resistances

10787600 **

10698600 *

10609600 **

10520700

10342760 last

10284000

10225300 **

10075900 *

9986900 **

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