Bitcoin Gold

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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.

7/21/17 Closing Prices:

Bitcoin: $2,753.95 (+$155.22) Gold: $1,254 (+$10.00) Dow Jones Industrials: 21,580.07 (-31.71) S&P 500: 2,472.54 (-0.91) Nasdaq Composite: 6,387.75 (-2.25)

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

Trading Summary Notes for Friday, 7/21/2017

  • Bitcoin continues rally on segwit 'solution'. Tested all time highs
  • Will "peace solution" keep the buying enthusiasm going? Or, maybe a restful pullback!
  • View from 30,000 feet..........bitcoin still in trading range of $2,000 (+/-) to $3,000 (+/-)
  • Bottom line on bitcoin? Traders-BUY DIPS. Long term INVESTORS STAY LONG
  • Gold broke through $1,250......and held.
  • Gold momentum gaining upside traction.
  • Buy gold on weakness. Use $1,225 (new) as a sell stop point.
  • Another view from 30,000 feet...........Gold trading in range of $1,200 (+/-) to $1,300 (+/-)
  • As Always…….LONG TERM bullish on BITCOIN and GOLD.

No Current Trading Positions

Past Market:

Read our PRIOR daily commentaries on Bitcoin vs Gold here

See other content on bitcoin & digital currencies here