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Bitcoin erases gains

FXStreet (Mumbai) - Bitcoin prices erased early morning gains after the virtual currency struggled near a technical resistance level.

The BTC/USD is trading 0.62% higher at 327, after giving faced rejected at the day’s high of USD 335.47 levels. The virtual currency continues to see a chart based trading as the market lack fresh fundamental trigger. Meanwhile, CoinDesks’s Bitcoin Price index is trading 1.39% higher at 328.25. Elsewhere, the BTC/EUR has gained 0.565 to trade at 261.93 levels.

Bitcoin Technical Levels

Bitcoin has failed to sustain above the immediate resistance located at 331.08, opening doors for a 315 levels on the downside. On the other hand, prices may rise to 339 levels if the immediate resistance of 331.08 is breached.

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