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.

10/25/17 Closing Prices:

Bitcoin: $5,524.64 (-$132.35) Gold: $1,277 (-$0-) Dow Jones Industrials: 23,329.46 (-112.30) S&P500: 2,557.15 (-11.98) Nasdaq Composite: 6,563.89 (-34.54)

Trading Summary Notes for Wednesday, 10/25/2017

• BITCOIN sells off to move a bit farther from the $6,000 mark
• Could that area be a double top? Very possible
• Bitcoin could be forming a "head and shoulders" technical top. Stay tuned
• Bitcoin traders use caution
• GOLD moves very little. Finishes unchanged
• Gold may test the $1,250-$1,255 area. Lets be a buyer in that area
• LONG TERM BULLISH ON BITCOIN AND GOLD

C

urrent TRADING Positions: NO CURRENT TRADING POSITIONS

Read our PRIOR daily commentaries on Bitcoin vs Gold here

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