Bitcoin / Yen may rise to 12316600 - 12997800

Our pivot point stands at 10055100.

Our preference

As long as 10055100 is support look for 12997800.

Alternative scenario

Below 10055100, expect 8910700 and 8229500.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 10835976 and 10312896).

Supports and resistances

14360200 **

13679000 *

12997800 **

12316600

10954224 last

10504600

10055100 **

8910700 *

8229500 **

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