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Bitcoin gains more than 3%

FXStreet (Mumbai) - Bitcoin shot higher today after having bounced from the USD 325 area during the last week.

The BTC/USD is trading 3.78% higher at 370.00 levels. The virtual currency recovered from USD 338 to USD 362 over the weekend. The BTC/EUR gained 2.57% to trade at 290.23 levels. Meanwhile, CoinDesk’s Bitcoin Price Index, which calculates the average price of the virtual currency across the globe, is up 2.65% at USD 372.92 levels.

Overall, the virtual currency has remained pretty much stable in the range of USD 330 to USD 360 for the past couple of weeks.

Bitcoin Technical Levels

Bitcoin has an immediate resistance located at 372.15, above which the prices can rise to 389. On the flip side, the virtual currency may fall back to 348 levels, if it fails to sustain above the immediate support located at 370.00.

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