BITCOIN SOARS; Parity With S&P500 Next; Gold Drifts Up

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.

5/22/17 Closing Prices:

Bitcoin: $2,155.81 (+$202.79)
Gold:
 $1,260 (+$5.00)
Dow Jones Industrials: 20,894.83 (+89.99)
S&P 500: 2,394.02 (+12.29)
Nasdaq Composite: 6,133.62 (+49.92)

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

Trading Summary Notes for Friday, 5/22/17:

  • Bitcoin closes at all time high
  • Momentum is powerful
  • Upside price target………..the moon
  • Gold drifts higher with weak momentum
  • Gold upside resistance @ $1285-$1300
  • Gold has support @ $1225-$1235

NEW Current Position LONG BITCOIN

Past Market

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here