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.

1/24/18 Closing Prices:

Bitcoin: $11,198.12 (+$602.25) Gold: $1,358 (+$17) Dow Jones Industrials: 26,252.12 (+41.31) S&P 500: 2,837.54 (-1.59) Nasdaq Composite: 7,415.06 (-45.23)

Trading Summary Notes for Wednesday, 1/24/2018

• BITCOIN holds the $10K-$11K support area. Settles higher on the day
• Bitcoin back above $11k
• CME bitcoin futures expire this week. Rolling over may explain the stability
• Lets wait to see how the first expiration of bitcoin futures plays out
• GOLD........Yes GOLD......Explodes up and breaks above $1,350 resistance area
• Next stop should be $1,395-$1,400
• Gold benefiting from lower dollar and inflation worries. DO NOT BE SHORT GOLD!
• Momentum to upside getting stronger
• Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

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