The Taylor Report-Bitcoin vs Gold vs Ethereum (3/25/19)

BITCOIN Hits The $4,000 Wall. Backs off; GOLD Climbs Higher

Bill Taylor

By Bill Taylor, Contributor/Fintek Capital

We compare the price of Bitcoin, Ethereum, & Gold, using the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference.

3/25/19 Closing Prices:

Bitcoin:  $3,961.05 (-$9.94)
Ether:  $134.08 (-$1.65)
Gold:  $1,322 (+$8.00)
DJIA:  25,516.83 (+14.51)
S&P 500:  2,798.36 (-2.35)
Nasdaq Comp:  7,637.54 (-5.13)

Trading Summary Notes for Monday, 3/25/2019

  • BITCOIN and ETH drifting around in extremely quiet trading. Interest is very subdued
  • BTC stalls at the $4,000 wall, then backs off a little. News that almost 95% of BITCOIN trading on unregulated exchanges is fictitious is a negative. Crack down coming?
  • End of the first quarter may bring in some BITCOIN and ETH weakness as positions (both winners and losers) are reduced
  • What can you say. GOLD, GOLD GOLD. A new bull market has begun
  • Stay the bullish course.   BITCOIN target $4,500;  ETH target $150;  GOLD $1,400

Current trading positions; LONG BITCOIN, ETH AND GOLD

Bill Taylor is Managing Partner at Fintek Capital & a frequent contributor