Bitcoin / Yen may rise to 11077000 - 11174700

Our pivot point stands at 10676800.

Our preference

The upside prevails as long as 10676800 is support.

Alternative scenario

Below 10676800, expect 10513900 and 10416900.

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 10656896 and 10727793). Finally, the Bitcoin / Yen has crossed above its upper Bollinger band (10796396).

Supports and resistances

11370000 **

11272400 *

11174700 **

11077000

10810247 last

10740800

10676800 **

10513900 *

10416900 **

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