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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.
6/19/17 Closing Prices:
Bitcoin: $2,562.88 (+117.84) Gold: $1,245 (-$10.00) Dow Jones Industrials: 21,528.99 (+144.71) S&P500: 2,453.46 (+20.31) Nasdaq Composite: 6,239.01 (+87.25)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index
Trading Summary Notes for Thursday, 6/19/17:
- Bitcoin steady in the middle ($3,000-$2,000) after big sell off
- If anyone is still short it might be time to re-think that position
- Bitcoin MAY be "re-grouping" for another leg up
- Raise near term buy target on bitcoin to $2250-$2300
- Gold suffering from last week's FED outlook (slow growth, weak inflation)
- However, gold may benefit from interest rates not increasing as previously forcast
- Gold close BELOW $1240 would be bearish.
- Hold gold for now.
Current Position LONG GOLD
Past Market
