Bitcoin / Yen may rise to 10784600 - 10879700

Our pivot point is at 10428000.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10428000 would call for 10268900 and 10174100.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (10560811) but under its 50 period moving average (10657237).

Supports and resistances

11069900 **

10974800 *

10879700 **

10784600

10593516 last

10490500

10428000 **

10268900 *

10174100 **

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