Bitcoin / Yen may rise to 11111400 - 11214900

Our pivot point stands at 10743600.

Our preference

Rebound towards 11214900.

Alternative scenario

The downside breakout of 10743600 would call for 10570000 and 10466700.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10912443 and 10975823).

Supports and resistances

11422000 **

11318500 *

11214900 **

11111400

10891165 last

10811800

10743600 **

10570000 *

10466700 **

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