Bitcoin / Yen may rise to 10466000 - 10553600

Our pivot point is at 10121900.

Our preference

Rebound towards 10553600.

Alternative scenario

The downside breakout of 10121900 would call for 9975600 and 9888500.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10286417 and 10448973).

Supports and resistances

10728700 **

10641100 *

10553600 **

10466000

10268995 last

10179300

10121900 **

9975600 *

9888500 **

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