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.
8/24/17 Closing Prices:
Bitcoin: $4,208.54 (+$14.77) Gold: $1,286 (-$4.00) Dow Jones Industrials: 21,783.40 (-28.69) S&P 500: 2,438.97 (-5.07) Nasdaq Composite: 6,271.33 (-7.08)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 8/24/2017
- Bitcoin inches up and sneaks a little further away from $4,000
- Bitcoin seems to have firmed up and poised for new move higher
- Bitcoin “dip buyers” can look for $3,950-$4,050 area to step in
- "Air Traffic Control Talk".... Bitcoin cleared for takeoff on runway $5,000. Cleared to roll
- Gold consolidating gains just short of $1,300 resistance
- Gold looking very good. Upside target $1,350
- Traders can buy gold on dips against sell stop at $1,250
- "Air Traffic Control Talk".......Gold, hold short of bitcoin's runway. You are next in line for takeoff on runway $1,350.
- LONG TERM BULLISH ON BITCOIN & GOLD
Current TRADING Positions: LONG BITCOIN & LONG GOLD
Past Market:
Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here