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 IndexTrading 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