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.

10/24/17 Closing Prices:

Bitcoin: $5,656.99 (-$68.83) Gold: $1,277 (-$5) Dow Jones Industrials: 23,441.76 (+167.80) S&P500: 2,569.13 (+4.15) Nasdaq Composite: 6,598.43 (+11.60)

Trading Summary Notes for Tuesday, 10/24/2017

• BITCOIN moving away from a couple romps at $6,000
• Could that area be a double top? Very possible, lets keep watch
• SOLD bitcoin trading position at $5,720 on a sell stop. Small loss
• Bitcoin traders use caution. May be some strong selling coming
• GOLD softens.....again
• 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

See other content on bitcoin & digital currencies here