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.

4/5/18 Closing Prices:

Bitcoin: $6,841.89 (-$48.87) Gold: $1,326 (-$7) Dow Jones Industrials: 24,505.22 (+240.92) S&P 500: 2,662.84 (+18.15) Nasdaq Composite: 7,076.55 (+34.44)

Trading Summary Notes for Thursday, 4/5/2018

• BITCOIN bounces around trying to find a firm footing
• End of the first quarter selling over? Tax selling over? Technical selling over?
• Positive global progress in cryptocurrency trading/acceptance being ignored. Buyers staying on sidelines
• Another close up above $7,000 would be very positive
• Bitcoin near term target $9,000
• GOLD stalled in tight trading range, $1,320-$1,345
• 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