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.

3/29/18 Closing Prices:

Bitcoin: $7,389.91 (-$539.05) Gold: $1,326 (+$1) Dow Jones Industrials: 24,103.11 (+254.69) S&P 500: 2,640.87 (+35.87) Nasdaq Composite: 7,063.44 (+114.22)

Trading Summary Notes for Thursday, 3/29/2018

• BITCOIN continues steep dive. Has a very ugly March--off over 30%
• Bitcoin buyers have disappeared. No one reason to point out
• After breaking $7,500 bitcoin COULD test recent $6,000+ - low
• Still long term bullish on bitcoin..........buy low, sell high
• GOLD steadies after yesterday's sharp drop; up $1.00
• Gold in months long trading range of $1,305-$1,310 to $1,350-$1,360
• Still looking for move to $1,390-$1,400. Don’t be short gold

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time