Bitcoin / Yen may rise to 11166600 - 11270700

Our pivot point stands at 10721600.

Our preference

The upside prevails as long as 10721600 is support.

Alternative scenario

The downside breakout of 10721600 would call for 10548300 and 10445200.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10813051 and 10798369).

Supports and resistances

11478800 **

11374800 *

11270700 **

11166600

10884650 last

10789600

10721600 **

10548300 *

10445200 **

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