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, 4/18/17
- Bitcoin going up faster than gold. Parity coming again quickly.
- Bitcoin momentum building to upside. New highs coming.
- Bitcoin working through resistance and previous all time highs. Breakout at $1250.
- Bitcoin near term price target $1425-$1475
- Gold slowly climbing. Momentum 'stodgy'.
- Gold seems to have "lost" some previous buyers/fans to bitcoin.
- Gold firm. Near term price target $1300-$1325.
- Use sell stop on gold at $1255
- LONG Bitcoin/LONG Gold
Look for “revamped” bitcoin vs gold site in coming days. 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 goldthroughout 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:
(Published 10/26/16)