BTC Dips to $91,900 on Trade War Jitters – Bulls Still in Control Above $91,800

BTCUSD gave back most of its gains as US-EU trade tensions rose. It dropped to a low of $91900 during the day and is now trading at about $93071.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $95159

EMA (4- hour chart)

55-EMA- $93888

200-EMA- $91850

365-EMA- $93021. The pair trades above the short-term (55 EMA) and above the 200 and 365 EMA long-term moving averages.

Major Support - $91800. Any breach below $91800 will drag the pair down to $90000/$88356/$86650/$84440/$83000/$80000.

Major Resistance - $93375.  Any break above $93500 confirms minor bullishness, a jump to $95000/$97400/$98500/$10000/$107000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Neutral

5. Investment Strategy for BTCUSD

It is good to buy on dips around $92000 with a stop loss around $90000  for target profits of $100000/$107000.