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13 Apr 2015
Bitcoin stuck in the range
FXStreet (Mumbai) - Bitcoin prices have been restricted in the range of USD 227-236 since last few trading sessions.
The virtual currency or BTC/USD currently trades at 233.03, up 0.12% for the day. Earlier today, prices were rejected at the 5-DMA located at USD 234.41. Meanwhile, the BTC/EUR weakened 0.27% to trade at 223.11.
CoinDesk’s Bitcoin Price Index, which calculated the average price of all the virtual currency across the globe, weakened 0.22% to USD 235.11. Elsewhere, The Litecoin or LTC/USD inched 0.73% higher to 1.46.
Bitcoin Technical Levels
The immediate resistance is seen at 236, above which prices could rise to 245 levels. On the flip side, a break below 227 could drive the prices lower to 218 levels.
The virtual currency or BTC/USD currently trades at 233.03, up 0.12% for the day. Earlier today, prices were rejected at the 5-DMA located at USD 234.41. Meanwhile, the BTC/EUR weakened 0.27% to trade at 223.11.
CoinDesk’s Bitcoin Price Index, which calculated the average price of all the virtual currency across the globe, weakened 0.22% to USD 235.11. Elsewhere, The Litecoin or LTC/USD inched 0.73% higher to 1.46.
Bitcoin Technical Levels
The immediate resistance is seen at 236, above which prices could rise to 245 levels. On the flip side, a break below 227 could drive the prices lower to 218 levels.