BITCOIN THREATENS $5,000; $6,000 NEXT; GOLD PAUSES UNDER $1,300 (10/10/17)

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.

10/10/17 Closing Prices:

Bitcoin:  $4,815.11  (+$181.00)
Gold:  $1,288  (+$3.00)
Dow Jones Industrials: 22,830.68  (+69.61)
S&P500: 2,550.64  (+5.91) 

Nasdaq Composite: 6,587.25
(+7.52)

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

Trading Summary Notes for Tuesday, 10/10/2017

  • BITCOIN settles just under $4,900. Higher earlier
  • Here comes new highs…….just over $5,000 by the way
  • Solid momentum building. Volatility in bitcoin returning
  • Is $6,000 a good target? YES! Before much higher in the long term
  • GOLD almost touches $1,300 (again). Settles just under
  • Gold’s reversal last week is very bullish. Next stop $1,300
  • Traders use $1,260- $1,265 for a buying opportunity

Current TRADING Positions:  LONG BITCOIN

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here