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 IndexTrading 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