BITCOIN Pushing Toward $7,000, Very Firm; GOLD Rockets Up $10 On Mideast War Fears (4/11/18)

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.

4/11/18 Closing Prices:

Bitcoin:  $6,942.28  (+192.42) 
Gold:  $1,351  (+$10) 
Dow Jones Industrials:  24,189.45  (-218.55)
S&P 500:  2,642.19  (-14.68)

Nasdaq Composite:  7,069.03  (-25.27)

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

Trading Summary Notes for Wednesday, 4/11/2018

  • BITCOIN settles just under $7,000 on steady climb. Very firm
  • Tax selling abating. Bitcoin seems poised to begin move higher
  • Bitcoin closing above $7,000 would be very positive
  • Near term target $9,000
  • Longer term (year end) target $30,000-$35,000
  • GOLD jumps up huge on Mideast/Syria military action fears
  • Gold “spiked” above $1,360 before settling back
  • Needs a sold close ABOVE $1,355 to confirm breakout
  • Once again, still looking for move to $1,390-$1,400.   Don’t be short gold
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time