After the big $89 drop on the 10th of November – from $380 to $291 – bitcoin is now back to trading in a sideways fashion. The $325.00 area has become a key battleground for buyers and sellers. Since the 10th, this level has provided support about five different times. The $325 level even provided support when price was plunging on the 10th, so it seems the market has taken a big liking to $325. This level has also acted as resistance about three times, so if price slumps underneath $325 again, I wouldn’t be surprised to see this area turns into resistance once more.
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http://themerkle.com/coins/bitcoin-technical-analysis-for-11132015-sideways-trading/
