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.

11/20/17 Closing Prices:

Bitcoin: $8,211.55 (+$271.22) (from Friday's close) Gold: $1,278 (-$17) Dow Jones Industrials: 23,430.33 (+72.09) S&P 500: 2,582.14 (+3.29) Nasdaq Composite: 6,790.71 (+7.92)

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

Trading Summary Notes for Monday, 11/20/2017

  • BITCOIN.....more new highs and over $8,000 easily
  • Potential institutional demand is staggering. Buying power and limited supply equals UP
  • $8,500 trading target is looking good. Then, maybe some pause??
  • Ultimate upside target for BITCOIN? UP followed by UP
  • GOLD backs down from last weeks big push up
  • Gold stalled at $1,295-$1,300. Just struggles to gain momentum
  • Gold WILL be the surprise move to the upside. Timing? Perhaps with stocks/dollar weakness
  • LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & LONG GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here