Bitcoin / Yen may rise to 11205600 - 11310000

Our pivot point is at 10823700.

Our preference

The upside prevails as long as 10823700 is support.

Alternative scenario

Below 10823700, expect 10648800 and 10544800.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10949988 and 10927985).

Supports and resistances

11518900 **

11414400 *

11310000 **

11205600

10989978 last

10892400

10823700 **

10648800 *

10544800 **

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