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.

3/23/18 Closing Prices:

Bitcoin: $8,621.80 (+$55.97) Gold: $1,347 (+$18) Dow Jones Industrials: 23,533.20 (-424.69) S&P 500: 2,588.26 (-55.43) Nasdaq Composite: 6.992.67 (-174.01)

Trading Summary Notes for Friday, 3/23/2018

• BITCOIN 'waffles' around, settles slightly higher above $8,600
• Bitcoin basically unchanged from last Friday (4/16)
• 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 leaps up on trade/tariff talk
• Gold bumping up against resistance at $1,345-$1,350
• Looking for move to $1,390-$1,400. Don’t be short gold
• Tariff and trade 'chatter' taking center stage BUT inflation still being under estimated which is bullish for gold
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time