BITCOIN Jumps Through $9K; GOLD Explodes Up $25 On Hotter Inflation (2/14/18)

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.

2/14/18 Closing Prices:

Bitcoin: $9,251.01  (+$717.33)
Gold:  $1,354 (+$25) 
Dow Jones Industrials:  24,893.49  (+253.04)
S&P 500:  2,698.63  (+35.69)

Nasdaq Composite:  7,143.62  (+130.10)

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

Trading Summary Notes for Wednesday, 2/14/2018

  • BITCOIN jumps above $9K on strong rally. Back in strong uptrend
  • Bullish confidence returns after nervous selling the past few weeks
  • Next move up is underway. $10K should be next upside target
  • Bitcoin as a store of value will experience increased investor exposure
  • GOLD rockets higher. Close above $1,350 resistance
  • Several more days above $1,350 will lead to next target of $1,395-$1,400
  • Gold rallies on hotter than inflation number. Inflation IS a major concern
  • Top 2018 “HOT” picks……….. long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD

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

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