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Bitcoin back at USD 350

FXStreet (Mumbai) - The virtual currency extended slide today after closing at a one-week low in the previous session as the prices continue to correct after a sharp rally which saw the virtual currency rising to USD 454.60 levels.

Bitcoin traded 1.31% lower at USD 351.34 at the time of writing, compared to the previous session’s close of USD 355.37. Elsewhere, the BTC/EUR pair is trading 0.94% lower at 283.59 levels. Meanwhile, CoinDesk’s Bitcoin Price Index, which calculates the average price of Bitcoin across globe, is down 0.97% at USD 352.67 levels.

Litecoin or LTC/USD has also weakened 1.325 today to trade at USD 3.52 levels.

Bitcoin Technical Levels

Bitcoin has an immediate resistance located at 355.37, above which gains could be extended to 370. Meanwhile, support is seen at 338 and 318 levels.

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