BITCOIN JUMPS, GOLD SLUMPS

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

6/9/17 Closing Prices:

Bitcoin: $2,848.08 (+$105.15)
Gold:
 $1,267 (-$12.00)
Dow Jones Industrials: 21,271.97 (+89.44)
S&P500: 2,431.77 (-2.02)
Nasdaq Composite: 6,207.92 (-113.85)

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

Trading Summary Notes for Wednesday, 6/9/17:

  • Bitcoin shakes off uncertainty and profit taking
  • Bitcoin readies assault on $3000
  • Bitcoin momentum still long term intact.
  • “Dip buyers” look at $2450-$2500
  • Gold drops after reaching top of recent resistance…..$1300
  • Still looking for break out above $1300
  • Gold near term price target $1375-$1395
  • Gold has support @ $1240-$1250

Current Position LONG BITCOIN & LONG GOLD

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here