GOLD DROPS, BITCOIN NAPS (9/29/17)

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.

9/29/17 Closing Prices:

Bitcoin:  $4,184.72  (+$29.61)
Gold:  $1,281  (-$6.00)
Dow Jones Industrials:  22,405.09  (+23.89)
S&P500:  2,519.36  (+9.30) 

Nasdaq Composite:  6,495.96 
(+42.51)

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

Trading Summary Notes for Friday, 9/29/2017

  • BITCOIN eases up a little higher on a quiet trading day
  • Upward momentum slowly building again. $6,000 next?
  • GOLD breaking down and technically weak
  • Gold looks like it will test the $1,250 area
  • Gold traders look at $1,255- $1,260 for a buying opportunity
  • LONG TERM BULLISH ON BITCOIN & GOLD

Current TRADING Positions:  LONG BITCOIN

Past Market

 

Read our PRIOR daily commentaries on Bitcoin vs Gold here
See other content on bitcoin & digital currencies here