BITCOIN Naps, Holds Just Under $7,000; GOLD Backs Off Recent Gains, Down $7.00 (4/5/18)

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.

4/5/18 Closing Prices:

Bitcoin:  $6,841.89  (-$48.87) 
Gold:  $1,326  (-$7) 
Dow Jones Industrials:  24,505.22  (+240.92)
S&P 500:  2,662.84  (+18.15)

Nasdaq Composite:  7,076.55  (+34.44)

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

Trading Summary Notes for Thursday, 4/5/2018

  • BITCOIN bounces around trying to find a firm footing
  • End of the first quarter selling over? Tax selling over? Technical selling over?
  • Positive global progress in cryptocurrency trading/acceptance being ignored. Buyers staying on sidelines
  • Another close up above $7,000 would be very positive
  • Bitcoin near term target $9,000
  • GOLD stalled in tight trading range, $1,320-$1,345
  • Close above $1,355 would be very positive
  • Once again, still looking for move to $1,390-$1,400.   Don’t be short gold

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time