Bitcoin / Yen may rise to 10905300 - 11001500

Our pivot point is at 10527100.

Our preference

Our next up target stands at 11001500.

Alternative scenario

The downside breakout of 10527100 would call for 10366500 and 10270800.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 10686744 and 10671975).

Supports and resistances

11193800 **

11097600 *

11001500 **

10905300

10712998 last

10590200

10527100 **

10366500 *

10270800 **

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