Bitcoin / Yen may rise to 11191600 - 11295900

Our pivot point is at 10797400.

Our preference

The upside prevails as long as 10797400 is support.

Alternative scenario

The downside breakout of 10797400 would call for 10622900 and 10519100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10960559 and 10935086).

Supports and resistances

11504500 **

11400200 *

11295900 **

11191600

10966773 last

10865900

10797400 **

10622900 *

10519100 **

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