Bitcoin / Yen may rise to 11303000 - 11408400

Our pivot point is at 10934900.

Our preference

As long as 10934900 is support look for 11408400.

Alternative scenario

The downside breakout of 10934900 would call for 10758300 and 10653100.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (11101147) but above its 50 period moving average (10981009).

Supports and resistances

11619100 **

11513700 *

11408400 **

11303000

11091181 last

11004300

10934900 **

10758300 *

10653100 **

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