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FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis. FintekNews uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.
4/24/17 Closing Prices:
Dow Jones Industrials: 20,764
S&P 500: 2,374
Nasdaq Composite: 5,984
Trading Summary Notes for Tuesday, 4/24/17:
- Bitcoin breaking out to upside. Momentum building strongly
- Bitcoin near term price target $1425-$1475 (may have to raise that)
- Gold acting VERY heavy.
- Gold near term price target $1300-$1325 (may not make that)
- I have a sell stop on gold @ $1265. Just missed today. USE A STOP FOR GOLD.
Past Market Performance:
We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold throughout the future. We continue that call.