Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?

BTCUSD trades flat with no direction. It hit a high of $90541 yesterday, and at the moment, it is around $87679.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $87679

EMA (4-hour chart)

55-EMA- $88374

200-EMA- $91002

365-EMA- $95213. The pair trades below the short-term and long-term moving averages.

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 $91200/$92000/$95415/$97400/$98500/$10000.

Indicators (4-hour chart)

CCI(50)- Neutral

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.