Bitcoin / Yen may rise to 11068900 - 11172000

Our pivot point stands at 10706400.

Our preference

As long as 10706400 is support look for 11172000.

Alternative scenario

Below 10706400, expect 10533400 and 10430500.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10831445 and 10757785).

Supports and resistances

11378300 **

11275200 *

11172000 **

11068900

10850493 last

10774400

10706400 **

10533400 *

10430500 **

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