BITCOIN $1Million? Its Closer; GOLD Flops And Drops! (12/5/17)

Bitcoin Gold

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.

12/5/17 Closing Prices:

Bitcoin:  $11,810.51  (+$461.63)
Gold:  $1,267  (-$10)
Dow Jones Industrials:  24,180.64  (+109.41)
S&P 500:  2,629.57 (-9.87)

Nasdaq Composite:  6,762.21  (-13.15)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Tuesday, 12/5/2017

  • BITCOIN rallies to get closer to $1M……….even closer to $12K
  • Bitcoin attracting 1M opinions though. Most probably wrong
  • Bears on bitcoin “chomping” to sell the new bitcoin futures and get short
  • Bitcoin bears ready for Monday’s Cboe futures launch. Short likely to spike bitcoin higher
  • $15K 1st stop
  • GOLD breaking down. Just broke a $1,270 support
  • Gold looks like $1,250-$1,255
  • Still very bullish on gold. Off on the timing…..for now
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION:  LONG BITCOIN & GOLD

CURRENT TRADING POSITION:  LONG GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Read our PRIOR daily commentaries on Bitcoin vs Gold here