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BTC/USD hovers around a technical support, BTC/EUR gains 1%

FXStreet (Mumbai) - Bitcoin prices are trading around a technical support after prices declined having failed to sustain above the USD 400 mark.

The BTC/USD is trading 0.24% lower at 373 levels, just a shy away from the support level of 370.00. Meanwhile, the BTC/EUR has gained 1.33% to trade at 305.00 levels. Elsewhere the virtual currency is trading marginally lower against the Chinese Yuan at 2328.00 levels.

The virtual currency is awaiting fresh triggers, till then the prices may continue to trade in a range of USD 400-USD 350.

Bitcoin Technical levels

Bitcoin is trading just above the support level of 370, below which prices can fall to 360 levels. On the other hand , prices can rally to 420 levels if the immediate resistance level of 400 is taken out.

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