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23 Jan 2015
Bitcoin trades above Technical resistance
FXStreet (Mumbai) - Bitcoin prices managed to recover losses today to trade above the key technical resistance on the daily chart located at 226.01.
The BTC/USD pair currently trades 0.60% higher at 228.90 levels, after having recovered from a low of 221.01 seen earlier today. Moreover, the pair has breached the resistance at 226.01 in the previous session as it finished higher at 229.00 levels. Meanwhile, the BTC/EUR is up 1.748% at 207.90 levels, while the CoinDesk’s Bitcoin Price Index, which measures the average value of the virtual currency across the globe, fell 0.71% to 231.01 levels.
Elsewhere, the LTC/USD or Litecoin is up 1.59% at 1.41 levels.
Bitcoin Technical Levels
The immediate resistance is seen at 234.50, above which gains could be extended to 260.00 levels. Meanwhile, support is seen at 226.01, under which losses could be extended to 219.98 levels.
The BTC/USD pair currently trades 0.60% higher at 228.90 levels, after having recovered from a low of 221.01 seen earlier today. Moreover, the pair has breached the resistance at 226.01 in the previous session as it finished higher at 229.00 levels. Meanwhile, the BTC/EUR is up 1.748% at 207.90 levels, while the CoinDesk’s Bitcoin Price Index, which measures the average value of the virtual currency across the globe, fell 0.71% to 231.01 levels.
Elsewhere, the LTC/USD or Litecoin is up 1.59% at 1.41 levels.
Bitcoin Technical Levels
The immediate resistance is seen at 234.50, above which gains could be extended to 260.00 levels. Meanwhile, support is seen at 226.01, under which losses could be extended to 219.98 levels.