BITCOIN Barely Moves, Settles Only Slightly Higher; GOLD Explodes UP, Has Big Week (3/23/18)

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.

3/23/18 Closing Prices:

Bitcoin:  $8,621.80  (+$55.97) 
Gold:  $1,347  (+$18) 
Dow Jones Industrials:  23,533.20  (-424.69)
S&P 500:  2,588.26  (-55.43)

Nasdaq Composite:  6.992.67  (-174.01)

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

Trading Summary Notes for Friday, 3/23/2018

  • BITCOIN ‘waffles’ around, settles slightly higher above $8,600
  • Bitcoin basically unchanged from last Friday (4/16)
  • Bitcoin sort of stuck in tight range $7,500-$9,000
  • Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
  • GOLD leaps up on trade/tariff talk
  • Gold bumping up against resistance at $1,345-$1,350
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • Tariff and trade ‘chatter’ taking center stage BUT inflation still being under estimated which is bullish for gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time