Bitcoin / Yen may rise to 11178500 - 11282700

10801800 is our pivot point.

Our preference

The upside prevails as long as 10801800 is support.

Alternative scenario

The downside breakout of 10801800 would call for 10627300 and 10523400.

Comment

The RSI is above its neutrality area at 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 10911690 and 10921146).

Supports and resistances

11491000 **

11386800 *

11282700 **

11178500

10938894 last

10870300

10801800 **

10627300 *

10523400 **

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