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2 Apr 2015
Bitcoin stuck in a range
FXStreet (Mumbai) - Bitcoin prices have been stuck largely in the range of USD 248-236 since the beginning of this week.
Gains capped at 10-DMA
The virtual currency was rejected at the 10-DMA located at USD 245 earlier today. Prices have repeatedly failed to sustain gains above 245 levels this week. The BTC/USD currently trades 0.07% higher at 242.79. Meanwhile, the BTC/EUR is down almost 1% at 231.37.
Elsewhere, CoinDesk’s Bitcoin price index, which calculated the average price of the virtual currency across the globe, fell 0.28% to USD 245.86.
Bitcoin Technical Levels
The immediate resistance is seen at 248, above which gains could be extended to 260.00. On the flip side, a break below 236, could drive the prices lower to 224.00.
Gains capped at 10-DMA
The virtual currency was rejected at the 10-DMA located at USD 245 earlier today. Prices have repeatedly failed to sustain gains above 245 levels this week. The BTC/USD currently trades 0.07% higher at 242.79. Meanwhile, the BTC/EUR is down almost 1% at 231.37.
Elsewhere, CoinDesk’s Bitcoin price index, which calculated the average price of the virtual currency across the globe, fell 0.28% to USD 245.86.
Bitcoin Technical Levels
The immediate resistance is seen at 248, above which gains could be extended to 260.00. On the flip side, a break below 236, could drive the prices lower to 224.00.