Bitcoin / Yen may rise to 11313000 - 11418500

Our pivot point is at 10931700.

Our preference

As long as 10931700 is support look for 11418500.

Alternative scenario

The downside breakout of 10931700 would call for 10755100 and 10649900.

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 11024052 and 10895968).

Supports and resistances

11629300 **

11523900 *

11418500 **

11313000

11083029 last

11001100

10931700 **

10755100 *

10649900 **

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