BITCOIN Dips & Dips & Dips More; GOLD Jumps, Then Softens (1/10/18)

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.

1/10/18 Closing Prices:

Bitcoin:  $14,145.98  (-$509.85)
Gold:  $1,318  (+$4.00)
Dow Jones Industrials:  25,369.13  (-16.67)
S&P 500:  2,748.23  (-3.06)

Nasdaq Composite:  7,153.57  (-10.01)

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

Trading Summary Notes for Wednesday, 1/10/2018

  • BITCOIN sinks lower in lack of interest trade. Buyers at the Consumer Electronics Show?
  • Seems bitcoin is in a “dip/rise”………”dip/rise”…………type of trade. No strong reason to buy
  • Regulators “jaw boning” (or, scare talking) to shake out speculation? Could be.
  • Basically, bitcoin buyers are not rushing in. Momentum is resting
  • Price target on next big move…….$30K
  • GOLD jumps up in the morning on inflation talk/fears. Settles back rest of the day
  • Rise in interest rates keeps gold buyers a bit passive. Inflation heating up?
  • A big story for 2018? Inflation led by strong wage increases. Very bullish for gold
  • Looking at $1,350 near term
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD


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

Read our PRIOR daily commentaries on Bitcoin vs Gold here