Bitcoin Heads Down-$6,000 So Last Week; Gold Goes Nowhere (10/25/17)

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.

10/25/17 Closing Prices:

Bitcoin: $5,524.64 (-$132.35) 
Gold:  $1,277  (-$0-)
Dow Jones Industrials:  23,329.46  (-112.30)
S&P500: 2,557.15  (-11.98) 

Nasdaq Composite:  6,563.89 
(-34.54)

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

Trading Summary Notes for Wednesday, 10/25/2017

  • BITCOIN sells off to move a bit farther from the $6,000 mark
  • Could that area be a double top? Very possible
  • Bitcoin could be forming a “head and shoulders” technical top. Stay tuned
  • Bitcoin traders use caution
  • GOLD moves very little. Finishes unchanged
  • Gold may test the $1,250-$1,255 area. Lets be a buyer in that area
  • LONG TERM BULLISH ON BITCOIN AND GOLD

Current TRADING Positions:  NO CURRENT TRADING POSITIONS

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
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