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.


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