Bitcoin / Yen may rise to 12176000 - 12883900

Our pivot point stands at 9825600.

Our preference

As long as 9825600 is support look for 12883900.

Alternative scenario

Below 9825600, expect 8636300 and 7928300.

Comment

The RSI is above its neutrality area at 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 10698464 and 10163997).

Supports and resistances

14299800 **

13591900 *

12883900 **

12176000

10760065 last

10292800

9825600 **

8636300 *

7928300 **

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