Bitcoin / Yen may fall to 10403800 - 10499800

Our pivot point stands at 10984000.

Our preference

As long as 10984000 is resistance look for 10403800.

Alternative scenario

The upside breakout of 10984000, would call for 11147700 and 11245200.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10728279 and 10713440).

Supports and resistances

11245200 **

11147700 *

10984000 **

10919700

10691739 last

10499800

10403800 **

10307900 *

10211900 **

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