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Bitcoin Smashes $93K as Institutions Pile In – $100K Next?

BTCUSD holds above $92000 due to an increase in institutional demand. It hits an intraday high of $93977 and is currently trading around $92925.

 

Oscillators and moving averages to forecast the trend of ETHUSD

 

CMP- $92915

 

EMA (1-hour chart)

 

55-EMA- $89908

200-EMA- $89530


365-EMA- $90672. The pair trades above the short and long-term moving averages.

 

Major Support - $90000. Any breach below $90000 will drag the pair down to $86000/$83000/$80000.

 

Major Resistance - $94300.  Any break above $92000 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.

 

Indicators (60-min chart)

 

CCI(50)- Bullish

 

ADX-  Neutral

5. Investment Strategy for ETHUSD

It is good to buy on dips around $91200-300 with a stop loss around $86000 for target profits of $100000/$107000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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