BITCOIN $5,000-LOCKED & LOADED; GOLD ON BLAST PAD (8/25/17)

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.

8/25/17 Closing Prices:

Bitcoin:  $4,360.91  (+$152.37)
Gold:  $1,291  (+$5.00)
Dow Jones Industrials:  21,813.67  (+30.27)
S&P 500:  21,813.67  (+4.08) 

Nasdaq Composite:   6,265.64 
(-5.68)

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

Trading Summary Notes for Friday, 8/25/2017

  • Bitcoin gaining momentum after holding above $4,000
  • Bitcoin poised for new move higher
  • $5,000 target locked into scope
  • Gold holding gains just short of $1,300 resistance. Upside target $1,350
  • Traders can buy gold on dips against sell stop at $1,250
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:   LONG BITCOIN & LONG GOLD

Past Market:



Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here