So right now, we are in an indecisive market where the price movement is lateral. As we can see in this chart, we have two major resistance lines at $140 and $167 as well as two major support lines at $109 and $90. The MACD is probably indicating an oversold scenario, so if the price breaks the resistance of $140 then the price might try to reach the moving average line. Otherwise, if the price breaks the support line of $ 109 then we expect the price to reach our first target of $90. Both scenarios are good opportunities to earn profit. Make sure to keep an eye on the BTC movement that can always change our expected trend.
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