Bitcoin / Yen may rise to 10694600 - 10788900

Our pivot point stands at 10369600.

Our preference

The upside prevails as long as 10369600 is support.

Alternative scenario

The downside breakout of 10369600 would call for 10211400 and 10117200.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10472106 and 10445965).

Supports and resistances

10977500 **

10883200 *

10788900 **

10694600

10496114 last

10431800

10369600 **

10211400 *

10117200 **

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