Bitcoin / Yen may rise to 10624200 - 10711600

Our pivot point is at 10321500.

Our preference

The upside prevails as long as 10321500 is support.

Alternative scenario

The downside breakout of 10321500 would call for 10175000 and 10087700.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 10321921 and 10319646). Finally, the Bitcoin / Yen has crossed above its upper Bollinger band (10427691).

Supports and resistances

10886300 **

10798900 *

10711600 **

10624200

10437400 last

10379100

10321500 **

10175000 *

10087700 **

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