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.

8/23/17 Closing Prices:

Bitcoin: $4,193.77 (+$296.47) Gold: $1,290 (+$5.00) Dow Jones Industrials: 21,812.09 (-87.80) S&P 500: 2,444.04 (-8.47) Nasdaq Composite: 6,278.41 (-19.07)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Wednesday, 8/23/2017

• Bitcoin firms up around the $4,000 area. SegWit in rear view mirror
• Bitcoin looking ready to move higher (again) and test $5,000
• Bitcoin just digesting gains of last few weeks. $5,000 still in sight
• Bitcoin “dip buyers” can look for $3,850-$3,900 area to step in
• Gold 'posturing' just under $1,300 resistance. Acting very well
• Gold looks ready to explode and go right through resistance at $1,300. Upside target $1,350
• Traders can buy gold on dips against sell stop at $1,250
• LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions: LONG BITCOIN & LONG GOLD

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here