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.

1/19/18 Closing Prices:

Bitcoin: $11,577.15 (-$434.66) Gold: $1,333 (+$7) Dow Jones Industrials: 26,071.72 (+53.91) S&P 500: 2,810.30 (+12.27) Nasdaq Composite: 7,336.38 (+40.33)

Trading Summary Notes for Friday, 1/19/2018

• BITCOIN sells off slightly after "the" wild plunge. Shakeout over?
• After huge selloff to under $10K, bitcoin jumps back up over 25%. Today is firming action
• Bitcoin bulls a bit more quiet, bitcoin bears a bit more vocal. THAT'S a positive
• Bitcoin holding $10K-$11K WILL be very bullish
• GOLD firms up and heads back toward the $1,350 resistance area
• Momentum in gold has turned positive. Inflation worries a positive
• Demand for gold getting stronger. Inflation fears/worries will persist in 2018
• A big story for 2018? Inflation led by strong wage increases.
• Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries