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BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout

BTCUSD trades flat ahead of US CPI and BOJ monetary policy. It hit a high of $88148 yesterday, and at the moment, it is around $86965.

 

Oscillators and moving averages to forecast the trend of BTCUSD

 

CMP- $86965

 

EMA (4-hour chart)

 

55-EMA- $89222

200-EMA- $92348


365-EMA- $96707. The pair trades below short and below long-term moving average.

 

Major Support - $85000. Any breach below $85000 will drag the pair down to $83000/$80000.

 

Major Resistance - $90000.  Any break above $90000 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.

 

Indicators (4-hour chart)

 

CCI(50)- Bullish

 

ADX-  Neutral

5. Investment Strategy for BTCUSD

It is good to buy on dips around $85000 with a stop loss around $80000 for target profits of $100000/$107000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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