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.

3/21/18 Closing Prices:

Bitcoin: $9,118.52 (+$579.20) Gold: $1,335 (+$25) Dow Jones Industrials: 24,682.31 (-44.96) S&P 500: 2,711.93 (-5.01) Nasdaq Composite: 7,345.29 (-19.02)

Trading Summary Notes for Wednesday, 3/21/2018

• BITCOIN takes a big jump to over $9K. Eases off slightly in later trading
• Positive comments out of the G20 meeting providing support. Global regulation may be lighter than first anticipated
• Bitcoin needs to trade, and hold, above $9,000. If it does, expect more upside………$12K?
• Some global regulation is positive for bitcoin
• GOLD jumps huge on Fed's FOMC interest rate decision and guidance
• Gold held the $1,305-$1,310 support area. Next resistance $1,340-$1,350
• Inflation still being under estimated which is bullish for gold
• Looking for move to $1,390-$1,400. Don't be short gold
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time