BITCOIN Sits; GOLD dips (4/26/18)

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.

4/26/18 Closing Prices:

Bitcoin:  $8,802.82 (-$85.09) 
Gold:  $1,318  (-$5) 
Dow Jones Industrials:  24,322.34  (+238.51)
S&P 500:  2,666.94  (+27.54)

Nasdaq Composite:  7,118.68 (+114.94)

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

Trading Summary Notes for Thursday, 4/26/2018

  • BITCOIN continues to rest and consolidate just under $9,000
  • Profit taking after BTC’s run up seems to holding in the $8,800 area
  • Upward momentum intact and bitcoin seems to be beginning another leg higher
  • Next target $12,000-$12,500
  • GOLD drops back even as ten year treasury note dips back below 3%
  • Gold remains trapped in trading range of $1,315-$1,320 to $1,350-$1,355
  • Inflation is being vastly under estimated. Inflation very bullish for gold
  • Looking for GOLD to move to $1,395-$1,400
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD



CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time