Bitcoin / Yen may rise to 10766300 - 10861300

Our pivot point is at 10409100.

Our preference

The upside prevails as long as 10409100 is support.

Alternative scenario

The downside breakout of 10409100 would call for 10250200 and 10155700.

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 10447305 and 10460038).

Supports and resistances

11051100 **

10956200 *

10861300 **

10766300

10541277 last

10471500

10409100 **

10250200 *

10155700 **

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