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26 Jan 2015
Bitcoin gains 20%
FXStreet (Mumbai) - Bitcoin prices gained 20%, rising for the third consecutive session, after having breached the key technical resistance in the last week.
The BTC/USD pair traded 20.33% higher at 297 levels at the time of writing., compared to the previous session’s close at 250.00 levels. The virtual currency witnessed a breach of resistance at 226.01 last week, after having struggled below the same for almost a week. Moreover, the prices were bolstered by bargain hunting at lower levels.
Meanwhile, the BTC/EUR pair has gained 19.42% to trade at 270.00 levels. CoinDesk’s Bitcoin Price Index, which measures the average value of the virtual currency across the globe, is up 18.01% at USD 330.34 levels.
Elsewhere, Litecoin or the LTC/USD pair was up 1.7% at 2.28 levels at the time of writing.
Bitcoin Technical Levels
The immediate resistance is seen at 301.99 (Jan 7 high), above which the virtual currency could test 312.87 (Jan 3 high). On the flip side, a break below 260 (Jan 4 low) shall open doors for 226.01 levels on the downside.
The BTC/USD pair traded 20.33% higher at 297 levels at the time of writing., compared to the previous session’s close at 250.00 levels. The virtual currency witnessed a breach of resistance at 226.01 last week, after having struggled below the same for almost a week. Moreover, the prices were bolstered by bargain hunting at lower levels.
Meanwhile, the BTC/EUR pair has gained 19.42% to trade at 270.00 levels. CoinDesk’s Bitcoin Price Index, which measures the average value of the virtual currency across the globe, is up 18.01% at USD 330.34 levels.
Elsewhere, Litecoin or the LTC/USD pair was up 1.7% at 2.28 levels at the time of writing.
Bitcoin Technical Levels
The immediate resistance is seen at 301.99 (Jan 7 high), above which the virtual currency could test 312.87 (Jan 3 high). On the flip side, a break below 260 (Jan 4 low) shall open doors for 226.01 levels on the downside.