FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

10/9/17 Closing Prices:

Bitcoin: $4,634.11 (+$260.33) Gold: $1,285 (+$11.00) Dow Jones Industrials: 22,761.07 (-12.60) S&P500: 2,544.73 (-4.60) Nasdaq Composite: 6,579.73 (-10.45)

Trading Summary Notes for Monday, 10/9/2017

• BITCOIN bears running for cover. New highs certainly look certain
• $6,000? YES! Right after BTC takes out the $5,000 area
• Solid momentum building. Volatility in bitcoin returning
• GOLD turned around late last week after touching our target of $1,260
• Gold's reversal last week is very bullish. Next stop $1,300
• Raising trading buy area to $1,260- $1,265 for a buying opportunity

C

urrent TRADING Positions: LONG BITCOIN

Past Market

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