Bitcoin / Yen may rise to 11143000 - 11246800

Our pivot point stands at 10786100.

Our preference

Rebound towards 11246800.

Alternative scenario

The downside breakout of 10786100 would call for 10611800 and 10508100.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (10932668) but under its 50 period moving average (11014486).

Supports and resistances

11454500 **

11350700 *

11246800 **

11143000

10933410 last

10854500

10786100 **

10611800 *

10508100 **

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