Bitcoin Worries & Gold Starts to Sparkle

Bitcoin vs Gold

FintekNews is comparing the price of Bitcoin vs Gold on a daily basis, utilizing the Chicago Mercantile Exchange’s (CME)two new bitcoin indexes (BRR & BRTI).

Read our prior daily commentaries on Bitcoin vs Gold here

Trading Summary Notes for Tuesday, 4/5/17

  • Bitcoin has worries over “hard fork”
  • “Chatter” has thoughts like “Bitcoin Ultimate would severely degrade network”
  • Until settled no positions in bitcoin. “When in doubt, stay out”
  • Bitcoin recent rally fading. Resistance still $1200-$1250.
  • Gold early selloff reversed. Closed firm.
  • Gold looking like “old” safe haven self again
  • LONG gold. Upside near term target $1300-$1325.   Downside stop at $1230

Note: Bitcoin vs Gold will be getting a “new look” soon. Still can be found at FintekNews.

See additional bitcoin articles at FintekNews website.

Bitcoin vs. Gold Daily Pricing Chart

See other content on bitcoin & digital currencies here

* Prices are from CME’s BRR index as of 4:15 EST; gold as of 4:15 EST near term future
**  Inception began Aug. 17, 2016 (see FintekNews article)

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

We wrote an article (8/17/16) going on the record saying bitcoin will outperform gold throughout the future. The chart above compares the pricing on that date to the two most recent trading days, as reference.  We at FintekNews have written (and are on record) of saying that bitcoin will outperform gold in the future.

Please see following FintekNews articles for reference on pricing in graph:

BITCOIN-GOLD UPDATE (Published 10/26/16)