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.
3/5/18 Closing Prices:
Bitcoin: $11,479.82 (+$640.50) (from Friday's close) Gold: $1,319 (-$2) (from Friday's close) Dow Jones Industrials: 24,874.76 (+336.70) S&P 500: 2,720.94 (+29.69) Nasdaq Composite: 7,330.71 (+72.84)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Monday, 3/5/2018
- BITCOIN gaining strength and momentum. Climbs over the weekend
- Getting ready to challenge $12K
- Move above $12k-$12,500 will be super positive
- Bitcoin break above $12,500K will lead to $15K. After that? $20K?
- GOLD eases slightly on trade war fears being subdued
- Inflation fears (yes, they ARE real) will come back to "page one"
- Gold is getting ready to challenge $1,400……………at some point. $1,350 first
- Top 2018 “HOT” picks……… long both BITCOIN & GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries