BITCOIN Continues Steep Dive, Breaks Below $7,500; GOLD Steadies After Big Break (3/29/18)

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.

3/29/18 Closing Prices:

Bitcoin:  $7,389.91  (-$539.05)  
Gold:  $1,326  (+$1)
Dow Jones Industrials:  24,103.11  (+254.69)
S&P 500:  2,640.87  (+35.87)

Nasdaq Composite:  7,063.44  (+114.22)

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

Trading Summary Notes for Thursday, 3/29/2018

  • BITCOIN continues steep dive. Has a very ugly March–off over 30%
  • Bitcoin buyers have disappeared. No one reason to point out
  • After breaking $7,500 bitcoin COULD test recent $6,000+ – low
  • Still long term bullish on bitcoin……….buy low, sell high
  • GOLD steadies after yesterday’s sharp drop; up $1.00
  • Gold in months long trading range of $1,305-$1,310 to $1,350-$1,360
  • Still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time