Oh No! BITCOIN Back Under $9,000, Give Up Yesterday’s Gain; 3%+ Interest Rate Sinks GOLD (4/25/18)

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.

4/25/18 Closing Prices:

Bitcoin:  $8,887.91  (-$397.65) 
Gold:  $1,323  (-$9) 
Dow Jones Industrials:  24,083.83  (+59.70)
S&P 500:  2,639.40 (+4.84)

Nasdaq Composite:  7,003.74  (-3.62)

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

Trading Summary Notes for Wednesday, 4/25/2018

  • The $9,000 BITCOIN price could not hold today. BTC slips back below
  • Several days of rally gives way to some profit taking and a well deserved pause
  • Upward momentum intact and bitcoin seems to be beginning another leg higher
  • Next target $12,000-$12,500
  • Ten year notes continue slide, 3%+ interest rates cause GOLD sell off
  • Gold remains trapped in trading range of $1,315-$1,320 to $1,350-$1,355
  • As said yesterday, “Interest rate NOT a worry, INFLATION INFLATION INFLATION”
  • 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