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 IndexTrading 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