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Bitcoin trades near USD 360

FXStreet (Mumbai) - Bitcoin prices slumped yesterday below USD 360 levels after the ten-day lackluster range bound trading.

The BTC/USD is trading 0.71% up at 359.50 levels, up from the day’s low of USD 349.11. Moreover, the virtual currency has breached the range of USD 360-390 yesterday opening doors for a further technical sell-off. Meanwhile, the BTC/EUR has gained 0.29% to trade at 294.05 levels, while the BTC/CNY is trading 0.79% higher at 2207.99 levels.

The CoinDesk’s Bitcoin price index, which calculates the average prices of the virtual currency across the globe, has inched 1.08% higher at USD 359.89 levels.

Bitcoin Technical levels

Bitcoin has an immediate resistance at 360, above which the virtual currency would re-enter the trading range of 360-390. Meanwhile, a failure to sustain above 360 shall lead to a further sell-off towards 330 levels.

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