Bitcoin / Yen may rise to 10575700 - 10662700

10238700 is our pivot point.

Our preference

Our next up target stands at 10662700.

Alternative scenario

Below 10238700, expect 10093300 and 10006800.

Comment

The RSI is above its neutrality area at 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 both its 20 and 50 period moving average (respectively at 10297378 and 10377706).

Supports and resistances

10836500 **

10749600 *

10662700 **

10575700

10382745 last

10295800

10238700 **

10093300 *

10006800 **

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