Bitcoin / Yen may rise to 11302300 - 11407700

Our pivot point is at 10948400.

Our preference

As long as 10948400 is support look for 11407700.

Alternative scenario

Below 10948400, expect 10771500 and 10666300.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (11103168) but above its 50 period moving average (10971484).

Supports and resistances

11618300 **

11513000 *

11407700 **

11302300

11091270 last

11017900

10948400 **

10771500 *

10666300 **

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