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.

3/16/18 Closing Prices:

Bitcoin: $8511.12 (+$457.68) Gold: $1,314 (-$3) Dow Jones Industrials: 24,946.51 (+72.85) S&P 500: 2,752.01 (+4.68) Nasdaq Composite: 7,481.99 (+0.25)

Trading Summary Notes for Friday, 3/16/2018

• BITCOIN rally's for St Patrick's weekend. All green and holds $8,000
• Selling pressure eases. Beginning new move higher?
• If bitcoin trades, and holds, above $9,000 expect another more upside
• Enthusiasm for bitcoin (crypto in general) still strong
• GOLD softens. Sinks to lower end of trading range
• Lack of interest in gold keeping trading light, stuck in a very tight trading range…..$1,310-$1,340
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Tim