BITCOIN Spikes To $10K, Solid Gain; GOLD Unchanged, Holding Firm (2/15/18)

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.

2/15/18 Closing Prices:

Bitcoin: $9,842.22  (+$591.21)
Gold:  $1,354 (-0-) 
Dow Jones Industrials:  25,200.37  (+306.88)
S&P 500:  2,731.20  (+32.57)

Nasdaq Composite:  77,256.43 (+112.82)

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

Trading Summary Notes for Thursday, 2/15/2018

  • BITCOIN leaps up to $10K, settles a touch lower. Trading back above $10K after ‘close’.
  • Closing above $10K for a few days will bring in new buying. $12k-$13k would be next target
  • Next move up is underway. Bullish confidence returns
  • Bitcoin acceptance becoming more prevalent globally. Expect regulators to watch closely
  • GOLD finishes unchanged ABOVE $1,350
  •  Holding above $1,350 for a few days will make next move to $1,395-$1,400 next target
  • Weak dollar and inflation pickup very bullish for gold
  • Inflation picking up. Central banks BEHIND the curve?
  • Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD

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

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