bash - how to pipe result from the which command to cd

How could I pipe the result from a which command to cd?

This is what I am trying to do:

which oracle | cd
cd < which oracle

But none of them works.

Is there a way to achieve this (rather than copy/paste of course)?

Edit : on second thought, this command would fail, because the destination file is NOT a folder/directory.

So I am thinking and working out a better way to get rid of the trailing "/oracle" part now (sed or awk, or even Perl) :)

Edit : Okay that's what I've got in the end:

cd `which oracle | sed 's/\/oracle//g'`