Bitcoin / Yen may rise to 10157600 - 10242600

Our pivot point stands at 9868800.

Our preference

The upside prevails as long as 9868800 is support.

Alternative scenario

The downside breakout of 9868800 would call for 9726100 and 9641200.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9889689 and 9864086).

Supports and resistances

10412500 **

10327600 *

10242600 **

10157600

9987684 last

9924800

9868800 **

9726100 *

9641200 **

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