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 IndexTrading 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