BITCOIN Ticks Down Slightly, Resting; GOLD Could Get Exciting. Target $1,350. (12/27/17)

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.

12/27/17 Closing Prices:

Bitcoin:  $15,264.37  ($518.19) 
Gold:  $1,288  (+$5) 
Dow Jones Industrials:  24,774.30  (+28.09)
S&P 500:  2,682.62  (+2.12)

Nasdaq Composite:  6,939.34  (+3.09)

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

Trading Summary Notes for Wednesday, 12/27/2017

  • BITCOIN takes a big breath and settles down slightly
  • Next few days going into year end may be rather quiet
  • Both the hype and buzz are settling down just as BTC is. This is a good thing
  • Next target for bitcoin……..$30K
  • GOLD moves higher. Getting close to $1,295-$1,300 resistance area
  • Gold near term target $1,350………..after breaking above $1,300 of course
  • Once again……Gold is under owned and under loved. Don’t be short gold
  • Top 2018 “HOT” picks………..both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD

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

Read our PRIOR daily commentaries on Bitcoin vs Gold here