Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout

BTCUSD trades flat with positive bias.  It hit a high of $92296 yesterday, and at the moment, it is around $90237.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $90221

EMA (1-hour chart)

55-EMA- $92020

200-EMA- $90772

365-EMA- $91156. 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 - $92500.  Any break above $9250 confirms minor bullishness, a jump to $93000/$93500/$94500/$95415/$97400/$98500/$10000.

Indicators (60-min chart)

CCI(50)- Neutral

ADX-  Neutral

5. 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.