Bitcoin / Yen may rise to 10479800 - 10566000

Our pivot point stands at 10181200.

Our preference

The upside prevails as long as 10181200 is support.

Alternative scenario

The downside breakout of 10181200 would call for 10036600 and 9950600.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10294744 and 10264434).

Supports and resistances

10738300 **

10652100 *

10566000 **

10479800

10303682 last

10238000

10181200 **

10036600 *

9950600 **

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