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.

4/12/18 Closing Prices:

Bitcoin: $7,679.30 (+737.02) Gold: $1,335 (-$16) Dow Jones Industrials: 24,483.05 (+293.60) S&P 500: 2,663.99 (+21.80) Nasdaq Composite: 7,140.25 (+71.22)

Trading Summary Notes for Thursday, 4/12/2018

• BITCOIN finishes basing in the $6,500-$7,000 area, leaps way above $7,000
• Momentum very strong and breaking out to the upside.........$9,000 next resistance
• Tax selling pretty much over
• Talk of huge new potential investors (Soros, Rockefeller, etc) bring in bitcoin buyers
• Long term (4th quarter) target $30,000-$35,000
• GOLD backs off after failure (again) to firmly close above $1,355
• Just closing above $1,350 isn't enough
• Needs a sold close ABOVE $1,355 to confirm breakout
• Back to trading range of $1,320-$1,325 and $1,350- $1,355 is in order
• Once again, still looking for move to $1,390-$1,400. Don’t be short gold
• 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time