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.
10/5/17 Closing Prices:
Bitcoin: $4,305.36 (+$93.44) Gold: $1,2769 (-$7.00) Dow Jones Industrials: 22,775.39 (+113.75) S&P500: 2,552.07 (+14.33) Nasdaq Composite: 6,585.36 (+250.73)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 10/5/2017
- BITCOIN starting another ascent to take out old highs
- $6,000? Well, first $4,500 and then $5,000. THEN $6,000
- Momentum building, BUT always use trading stops
- GOLD continues sliding. Should have support in the $1,250 area
- Stronger dollar and strong stock market gets people out of gold
- Don't be fooled. Stocks CAN go down and gold will reverse
- Gold traders look at $1,255- $1,260 for a buying opportunity
Past Market
