BITCOIN Breaks Through $8,000, $9,000 Next?; GOLD Resumes Upward Move, Adds $10 (4/13/18)

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.

4/13/18 Closing Prices:

Bitcoin:  $8,098.23  (+418.93) 
Gold:  $1,345  (+$10) 
Dow Jones Industrials:  24,360.14  (-122.91)
S&P 500:  2,656.30  (+7.69)

Nasdaq Composite:  7,106.65  (-33.60)

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

Trading Summary Notes for Friday, 4/13/2018

  • BITCOIN tax selling abates, strong new bitcoin bulls step in
  • After watching bitcoin get hit with tax selling, BIG names like Soros, Rockefeller step in to put positive tone to bitcoin
  • Bitcoin hype and frenzy dormant. That’s good news. A stealth upward move is under way
  • Momentum very strong and breaking out to the upside………$9,000 next resistance
  • Long term (4th quarter) target $30,000-$35,000
  • GOLD pivots right around after yesterday’s sharp selloff and climbs higher
  • Resistance in the $1,350-$1,355 area looks to be penetrated
  • Needs a sold close ABOVE $1,355 to confirm breakout
  • Again, still looking for move to $1,390-$1,400.   Don’t be short gold
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time