Bitcoin / Yen may rise to 10796500 - 10891700

Our pivot point stands at 10455500.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10455500 would call for 10296000 and 10201000.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (10549726) but under its 50 period moving average (10654251).

Supports and resistances

11082100 **

10986900 *

10891700 **

10796500

10602755 last

10518200

10455500 **

10296000 *

10201000 **

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