BTC Bulls Defend $90,000 – One Fed Spark Away from $100K Explosion

BTCUSD trades in a narrow range ahead of the Fed's monetary policy. It hit a high of $96460 yesterday, and at the moment, it is around $92048.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $92061

EMA (4-hour chart)
 

55-EMA- $90893
 

200-EMA- $93974

365-EMA- $98608. The pair trades above the short and below the long-term moving average.

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

Major Resistance - $95000.  Any break above $95000 confirms minor bullishness, a jump to $95415/$97400/$98500/$10000.

Indicators (4-hour chart)

CCI(50)- Bullish

ADX-  Neutral

Investment Strategy for BTCUSD

It is good to buy on dips around $90000 with a stop loss around $86000 for target profits of $100000/$107000.