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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.
7/20/17 Closing Prices:
Bitcoin: $2,598.73 (+$281.44) Gold: $1,244 (+$3.00) Dow Jones Industrials: 21,611.78 (-28.97) S&P 500: 2,473.45 (-0.38) Nasdaq Composite: 6,390.00 (+4.96)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Thursday, 7/20/2017
- Bitcoin experiences burst of enthusiasm. Will the "truce" hold?
- Rumor of “agreement” to avoid “hard fork” (split) may have validity.
- Still have to see if agreement becomes "official" (note; my sour grapes for missing this trading rally)
- Don't chase. Remain neutral for now.
- Gold holding firm and inching higher.
- Gold should have some resistance at #1,250
- Can be a buyer of gold on weakness. Use $1,205 as a sell stop point.
- 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
See other content on bitcoin & digital currencies here