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15 Oct 2014
Bitcoin falls after a three-day rally
FXStreet (Mumbai) - Bitcoin prices have declined today, ending the three-day rally which saw the virtual currency rise above USD 400.
The BTC/USD is trading 3.54% lower at 384.20 levels. The Prices failed to sustain above USD 400 levels yesterday, despite hitting a high of USD 408.20. Meanwhile, the BTC/EUR is trading 4.15% lower at 310 levels. Elsewhere, the Bitcoin has posted comparatively minor losses against the Chinese Yuan. The BTC/CNY is trading down by 1.59% at 2399 levels.
The virtual currency has recovered all of the losses suffered earlier this month. Moreover, the investors now await next trigger for the Bitoin prices.
Bitcoin Technical levels
Bitcoin is moving slowly towards the support level of 370, below which prices can fall to 350 levels. On the flip-side, the virtual currency may rally to 400 levels if the prices manage to sustain above 370 levels.
The BTC/USD is trading 3.54% lower at 384.20 levels. The Prices failed to sustain above USD 400 levels yesterday, despite hitting a high of USD 408.20. Meanwhile, the BTC/EUR is trading 4.15% lower at 310 levels. Elsewhere, the Bitcoin has posted comparatively minor losses against the Chinese Yuan. The BTC/CNY is trading down by 1.59% at 2399 levels.
The virtual currency has recovered all of the losses suffered earlier this month. Moreover, the investors now await next trigger for the Bitoin prices.
Bitcoin Technical levels
Bitcoin is moving slowly towards the support level of 370, below which prices can fall to 350 levels. On the flip-side, the virtual currency may rally to 400 levels if the prices manage to sustain above 370 levels.