Bitcoin / Yen may rise to 11305600 - 11411000

Our pivot point stands at 10953000.

Our preference

As long as 10953000 is support look for 11411000.

Alternative scenario

The downside breakout of 10953000 would call for 10776100 and 10670700.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (11103796) but above its 50 period moving average (10959836).

Supports and resistances

11621700 **

11516300 *

11411000 **

11305600

11094882 last

11022600

10953000 **

10776100 *

10670700 **

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