BITCOIN RALLIES; Gold Sits

Bitcoin Gold

Welcome to our new streamlined format for Bitcoin vs Gold (and beyond) and look for additional changes over the coming weeks, including a new logo and more. 

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.

6/16/17 Closing Prices:

Bitcoin: $2,444.99 (+249.01)
Gold:
 $1,255 (-0-)
Dow Jones Industrials: 21,384.28  (+24.38)
S&P500: 2,433.15 (+0.69)
Nasdaq Composite: 6,151.76 (-13.74)

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

Trading Summary Notes for Thursday, 6/16/17:

  • Bitcoin bounces back. Sell off over?
  • Long term view on bitcoin still very bullish. Dips happen.
  • Still bullish. If you were/are short use this weeks weakness (plunge) to cover
  • Bitcoin bounces off $2000-$2100 area
  • Raise Bitcoin near term buy area $1975-$2025
  • Gold at lower end of trading range $1240-$1250
  • Gold close BELOW $1240 would be bearish.
  • Gold is a hold for now.

Current Position LONG GOLD

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here