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.
1/23/18 Closing Prices:
Bitcoin: $10,595.87 (+$46.74) Gold: $1,341 (+$6) Dow Jones Industrials: 26,210.81 (-3.79) S&P 500: 2,839.13 (+6.16) Nasdaq Composite: 7,460.29 (+52.26)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Tuesday, 1/23/2018
- BITCOIN sells down to just over $10K, holds and rallies back to $11K
- Settles a touch over mid-$10K. Stability?
- A break under $10K may bring $8K. Holding above $10K-$11K very positive
- Overall, a quiet day for bitcoin
- GOLD beginning a strong upward move. Resistance at $1,350
- A break above that price will lead to $1,395-$1,400
- GOLD looks like strong upward momentum is building. Inflation fears/worries will persist in 2018
- Top 2018 “HOT” picks………..both BITCOIN & GOLD (its only January remember)
CURRENT TRADING POSITION: Long GOLD
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries