Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks

BTCUSD exhibited a minor pullback after forming a temporary bottom around $ 80,000. It reached an intraday high of $ 87,920 and is currently trading around $ 87,270.

Oscillators and moving averages to forecast the trend of ETHUSD

CMP- $87257

EMA (1-hour chart)

55-EMA- $87641

200-EMA- $89034

365-EMA- $90556. The pair trades below the short-term and long-term moving averages.

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

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

Indicators (60-min chart)

CCI(50)- Bearish

ADX-  Neutral

 Investment Strategy for ETHUSD

It is good to buy on dips around $86000 with a stop loss around $80000 for target profits of $100000.