Back
16 Oct 2014
Bitcoin stuck in a range
FXStreet (Mumbai) - Bitocoin prices have been struggling near USD 400 mark since last two sessions after the virtual currency recovered the entire losses witnessed earlier this month.
BTC/USD Is trading 0.71% higher at USD 389.70, slightly down from a day’s high of 393 hit earlier today. The pair is stuck in a range of USD 380 to USD 400, waiting for a new trigger. Meanwhile, the BTC/EUR pair has gained 0.29% to trade at 313.90, while the BTC/CNY is trading marginally lower at 2412.99.
Elsewhere, the Litcoin has inched higher by 1.36% to trade at USD 4.04 levels.
Bitcoin Technical levels
Bitcoin prices are stuck in a range of 380 to 400. A breach of the range on the higher side can take the prices to 420 levels. On the contrary, Bitcon may decline to 360 levels if the prices fail to sustain above 380.
BTC/USD Is trading 0.71% higher at USD 389.70, slightly down from a day’s high of 393 hit earlier today. The pair is stuck in a range of USD 380 to USD 400, waiting for a new trigger. Meanwhile, the BTC/EUR pair has gained 0.29% to trade at 313.90, while the BTC/CNY is trading marginally lower at 2412.99.
Elsewhere, the Litcoin has inched higher by 1.36% to trade at USD 4.04 levels.
Bitcoin Technical levels
Bitcoin prices are stuck in a range of 380 to 400. A breach of the range on the higher side can take the prices to 420 levels. On the contrary, Bitcon may decline to 360 levels if the prices fail to sustain above 380.