Bitcoin / Yen may rise to 11398100 - 11504300

Our pivot point is at 11010200.

Our preference

The upside prevails as long as 11010200 is support.

Alternative scenario

The downside breakout of 11010200 would call for 10832300 and 10726400.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 11101316 and 11106994). Finally, the Bitcoin / Yen has crossed above its upper Bollinger band (11184436).

Supports and resistances

11716700 **

11610500 *

11504300 **

11398100

11185608 last

11080100

11010200 **

10832300 *

10726400 **

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