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.
2/14/18 Closing Prices:
Bitcoin: $9,251.01 (+$717.33) Gold: $1,354 (+$25) Dow Jones Industrials: 24,893.49 (+253.04) S&P 500: 2,698.63 (+35.69) Nasdaq Composite: 7,143.62 (+130.10)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 2/14/2018
- BITCOIN jumps above $9K on strong rally. Back in strong uptrend
- Bullish confidence returns after nervous selling the past few weeks
- Next move up is underway. $10K should be next upside target
- Bitcoin as a store of value will experience increased investor exposure
- GOLD rockets higher. Close above $1,350 resistance
- Several more days above $1,350 will lead to next target of $1,395-$1,400
- Gold rallies on hotter than inflation number. Inflation IS a major concern
- Top 2018 “HOT” picks……….. long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
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