Bitcoin / Yen may rise to 11301400 - 11406800

Our pivot point is at 10898100.

Our preference

The upside prevails as long as 10898100 is support.

Alternative scenario

The downside breakout of 10898100 would call for 10722000 and 10617200.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10935018 and 10862177).

Supports and resistances

11617400 **

11512100 *

11406800 **

11301400

11088643 last

10967200

10898100 **

10722000 *

10617200 **

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