BITCOIN Holds $10K, Rallies Up Slightly; GOLD Close To Breakout (1/23/18)

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.

1/23/18 Closing Prices:

Bitcoin:  $10,595.87  (+$46.74)
Gold:  $1,341  (+$6) 
Dow Jones Industrials:  26,210.81  (-3.79)
S&P 500:  2,839.13  (+6.16)

Nasdaq Composite:  7,460.29  (+52.26)

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

Trading Summary Notes for Tuesday, 1/23/2018

  • BITCOIN sells down to just over $10K, holds and rallies back to $11K
  • Settles a touch over mid-$10K. Stability?
  • A break under $10K may bring $8K. Holding above $10K-$11K very positive
  • Overall, a quiet day for bitcoin
  • GOLD beginning a strong upward move. Resistance at $1,350
  • A break above that price will lead to $1,395-$1,400
  • GOLD looks like strong upward momentum is building. Inflation fears/worries will persist in 2018
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD   (its only January remember)

CURRENT TRADING POSITION:  Long GOLD


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

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