BITCOIN Drops Below $8K on Twitter Ban; GOLD Pushes Above $1,350 On Weak Dollar (3/26/18)

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.

3/26/18 Closing Prices:

Bitcoin:  $8,071.45  (-$550.35) (from Friday’s close) 
Gold:  $1,352  (+$5) (from Friday’s close)
Dow Jones Industrials:  24,202.60 (+669.40)
S&P 500:  2,658.55  (+70.29)

Nasdaq Composite:  7,220.54  (+227.88)

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

Trading Summary Notes for Monday, 3/26/2018

  • BITCOIN sinks under $8,000 as Twitter bans crypto ads, tax selling
  • 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 works above resistance at $1,345-$1,350 on weak dollar
  • Tariff and trade ‘chatter’ taking center stage BUT inflation still being under estimated which is bullish for gold
  • Looking for move to $1,390-$1,400.   Don’t be short gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION:  Long GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time