Bitcoin Trading- BTC/USD Technical Analysis, Nov 25: BTC facing uphill battle in $380’s

Bitcoin (BTC/USD) has had a tough time navigating the $380’s, falling hard to $375 earlier today after just barely making

Bitcoin (BTC/USD) has had a tough time navigating the $380’s, falling hard to $375 earlier today after just barely making it to $389. After a slight bounce, BTC has now broken the low to $373 and looks poised to fall back below $370.

BTC still remains safely above its 50-day moving average (MA), still at $360. But hopes of breaking through the tougher barriers and establishing stable footing have not yet materialized.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>

BTC/USD, Nov 25

Zooming out to a long-term view, one observes the uncertainty as to BTC’s next major move. Its latest peak ($450) in mid-November exceeds that of the previous month. Similarly with its lows, which have come in successively higher during the past three months. But the $450 peak seemed artificial, and the latest 4-day rally appears to be running out of gas, suggesting a possible end to the pattern.

Prices on BTC-e are about $4 (1.1%) lower than other exchanges.

Got a news tip? Let Us Know