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 Wednesday, 4/19/17
- Bitcoin 'hanging out' in former resistance area of $1200-$1250
- Bitcoin momentum in pause
- Continue to believe bitcoin goes to new highs with breakout above $1250
- Bitcoin near term price target $1425-$1475
- Parity with gold (again) coming soon.
- Gold momentum failing just under $1300
- Gold near term price target of $1300-$1325 now in doubt
- Raise gold sell stop to $1265
- Gold seems to be a VERY crowded trade
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)