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.

4/4/18 Closing Prices:

Bitcoin: $6,890.76 (-438.46) Gold: $1,333 (+$2) Dow Jones Industrials: 24,264.30 (+230.94) S&P 500: 2,644.69 (+30.24) Nasdaq Composite: 7,042.11 (+100.82)

Trading Summary Notes for Wednesday, 4/4/2018

• BITCOIN reverses and drops back under $7,000 again. CRAZY
• Bitcoin bounces around trying to find a firm footing
• End of the first quarter selling over? Tax selling over? Technical selling over? Looked like it, now perhaps.
• Another close up above $7,000 would be very positive
• Bitcoin near term target $9,000
• GOLD inches up after yesterday’s sharp selloff
• Gold trading range getting tighter………$1,320-$1,345. Expect breakout to upside soon
• Close above $1,355 would be very positive
• Once again, still looking for move to $1,390-$1,400. Don’t be short gold

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time