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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.
7/21/17 Closing Prices:
Bitcoin: $2,753.95 (+$155.22) Gold: $1,254 (+$10.00) Dow Jones Industrials: 21,580.07 (-31.71) S&P 500: 2,472.54 (-0.91) Nasdaq Composite: 6,387.75 (-2.25)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Friday, 7/21/2017
- Bitcoin continues rally on segwit 'solution'. Tested all time highs
- Will "peace solution" keep the buying enthusiasm going? Or, maybe a restful pullback!
- View from 30,000 feet..........bitcoin still in trading range of $2,000 (+/-) to $3,000 (+/-)
- Bottom line on bitcoin? Traders-BUY DIPS. Long term INVESTORS STAY LONG
- Gold broke through $1,250......and held.
- Gold momentum gaining upside traction.
- Buy gold on weakness. Use $1,225 (new) as a sell stop point.
- Another view from 30,000 feet...........Gold trading in range of $1,200 (+/-) to $1,300 (+/-)
- 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
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