Bitcoin / Yen may rise to 10490100 - 10578800

Our pivot point stands at 10166000.

Our preference

As long as 10166000 is support look for 10578800.

Alternative scenario

The downside breakout of 10166000 would call for 10017400 and 9929000.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (10309147) but above its 50 period moving average (10234282).

Supports and resistances

10756200 **

10667500 *

10578800 **

10490100

10300294 last

10224400

10166000 **

10017400 *

9929000 **

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