BITCOIN Gets Comfy at $8,500, Little Change; GOLD Sinks a Little Closer to $1,300 (3/20/18)

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.

3/20/18 Closing Prices:

Bitcoin:  $8,539.32  (-$22.92) 
Gold:  $1,310  (-$7) 
Dow Jones Industrials:  24,727.27  (+116.36)
S&P 500:  2,716.94  (+4.02)

Nasdaq Composite:  7,364.30  (+20.06)

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

Trading Summary Notes for Tuesday, 3/20/2018

  • BITCOIN steadies after recovering from weekend plunge in quiet trading
  • Both buyers and sellers take a break
  • Positive comments out of the G20 meeting providing support. New move higher coming?
  • If bitcoin trades, and holds, above $9,000 expect more upside………$12K?
  • GOLD weakens in advance of US Fed FOMC meeting which wraps up tomorrow
  • Gold holding the $1,305-$1,310 support area. Waiting for the Fed’s FOMC meeting to wrap up Wednesday with interest rate guidance
  • 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