BITCOIN REACHES FOR $5,000; GOLD RESTS AFTER RUN UP (8/29/17)

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.

8/29/17 Closing Prices:

Bitcoin:  $4,573.74  (+$260.28)
Gold:  $1,309  (-$2.00)
Dow Jones Industrials:  21,865.37  (+56.97)
S&P 500:  2,446.30  (+2.06) 

Nasdaq Composite:  6,301.89 
(+18.87)

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

Trading Summary Notes for Tuesday, 8/29/2017

  • Yesterday was GOLD’S day, today its BITCOIN’S day. New highs for BTC
  • Bitcoin heading to $5,000. Its getting close
  • Gold settles off a touch after a big run up. Upside target $1,350
  • Traders can buy GOLD with sell stops at $1,290-$1,295
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

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