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10 Feb 2015
Bitcoin falls almost 3%
FXStreet (Mumbai) - Bitcoin prices retreated almost 3% as the virtual currency failed to see buying interest above USD 230 levels in the last week.
Bearish crossover between 5-DMA and 10-DMA
The virtual currency witnessed a bearish crossover between the 5-DMA and the 10-DMA; currently located at 219.80 and 221.74 levels respectively. Moreover, the virtual currency has formed lower highs on the daily charts, indicating lack of buying interest. Prices, are once again back to the support zone of USD 212-210.
Meanwhile, CoinDesk’s Bitcoin Price Index, which calculates the average price of the virtual currency across the globe, is down 1.63% at USD 2.16.58 levels.
Bitcoin Technical Levels
The virtual currency currently trades 2.95% lower at USD 214.62 levels. The immediate support is located at 212, under which losses could be extended to 200.00 levels. Meanwhile, resistance is seen at 226.88 and 240.96 levels.
Bearish crossover between 5-DMA and 10-DMA
The virtual currency witnessed a bearish crossover between the 5-DMA and the 10-DMA; currently located at 219.80 and 221.74 levels respectively. Moreover, the virtual currency has formed lower highs on the daily charts, indicating lack of buying interest. Prices, are once again back to the support zone of USD 212-210.
Meanwhile, CoinDesk’s Bitcoin Price Index, which calculates the average price of the virtual currency across the globe, is down 1.63% at USD 2.16.58 levels.
Bitcoin Technical Levels
The virtual currency currently trades 2.95% lower at USD 214.62 levels. The immediate support is located at 212, under which losses could be extended to 200.00 levels. Meanwhile, resistance is seen at 226.88 and 240.96 levels.