BITCOIN Sinks Lower, Down to $6,600; GOLD Spikes Back Up $7 On Trade War Fears (4/6/18)

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.

4/6/18 Closing Prices:

Bitcoin:  $6,612.78  (-$229.11) 
Gold:  $1,333  (+$7) 
Dow Jones Industrials:  23,932.76  (-572.46)
S&P 500:  2,604.47  (+-58.37)

Nasdaq Composite:  6,915.11  (-161.44)

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

Trading Summary Notes for Friday, 4/6/2018

  • BITCOIN continues lower on persistent selling
  • 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 rallies back above $1,330 on increased trade war fears
  • 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