Bitcoin / Yen may rise to 10635700 - 10729500

Our pivot point is at 10319400.

Our preference

Rebound.

Alternative scenario

The downside breakout of 10319400 would call for 10161900 and 10068200.

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 trading above its 20 period moving average (10439668) but under its 50 period moving average (10454313).

Supports and resistances

10917100 **

10823300 *

10729500 **

10635700

10448185 last

10381200

10319400 **

10161900 *

10068200 **

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