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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.
7/25/17 Closing Prices:
Bitcoin: $2,580.27 ($-206.67) Gold: $1,251 (-$4.00) Dow Jones Industrials: 21,613.43 (+100.26) S&P 500: 2,477.08 (+7.17) Nasdaq Composite: 6.412.17 (+1.37)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Tuesday, 7/25/2017
- Bitcoin sinks after getting to top of trading range
- After a big rally no new highs
- Maybe (?) the optimism of no "hard fork" (split) was premature
- Bitcoin basically in trading range $2,000 (+/-) to $3,000 (+/-)
- Traders-BUY DIPS. Long term INVESTORS STAY LONG
- Gold still holding above $1250. A close below that will bring in more selling
- Buy gold on weakness. Use $1,225 as a sell stop point
- As Always…….LONG TERM bullish on BITCOIN and GOLD.
No Current Trading Positions
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here