Bitcoin / Yen may rise to 10492800 - 10579100

Our pivot point stands at 10191400.

Our preference

Rebound towards 10579100.

Alternative scenario

The downside breakout of 10191400 would call for 10046700 and 9960600.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10316831 and 10357771).

Supports and resistances

10751600 **

10665300 *

10579100 **

10492800

10312971 last

10248300

10191400 **

10046700 *

9960600 **

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