BITCOIN Drops Below $10K (Ouch); GOLD Gets Yesterday Back, Jumps $7 (2/22/18)

 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.

2/22/18 Closing Prices:

Bitcoin:  $9,985.75  (-$609.37) 
Gold:  $1,331 (+$7)
Dow Jones Industrials:  24,962.48  (+164.70)
S&P 500:  2,703.96  (+2.63)

Nasdaq Composite:  7,210.09 (-8.14)

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

Trading Summary Notes for Thursday, 2/22/2018

  • BITCOIN can’t hold $10K. Settles just under
  • Closing under the $10K round number is a psychological negative
  • A little more retrenchment would not be out of line. $8,500-$9K?
  • GOLD shrugs off yesterday and rallies back above $1,330….up $7.00
  • Interest rates eased slightly
  • Rather than interest rates, gold will begin to focus on inflation (bullish for gold)
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



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

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