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.

3/26/18 Closing Prices:

Bitcoin: $8,071.45 (-$550.35) (from Friday's close) Gold: $1,352 (+$5) (from Friday's close) Dow Jones Industrials: 24,202.60 (+669.40) S&P 500: 2,658.55 (+70.29) Nasdaq Composite: 7,220.54 (+227.88)

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

Trading Summary Notes for Monday, 3/26/2018

  • BITCOIN sinks under $8,000 as Twitter bans crypto ads, tax selling
  • Bitcoin sort of stuck in tight range $7,500-$9,000
  • Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
  • GOLD works above resistance at $1,345-$1,350 on weak dollar
  • Tariff and trade ‘chatter’ taking center stage BUT inflation still being under estimated which is bullish for gold
  • Looking for move to $1,390-$1,400. Don’t be short gold
  • Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time