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.

4/11/18 Closing Prices:

Bitcoin: $6,942.28 (+192.42) Gold: $1,351 (+$10) Dow Jones Industrials: 24,189.45 (-218.55) S&P 500: 2,642.19 (-14.68) Nasdaq Composite: 7,069.03 (-25.27)

Trading Summary Notes for Wednesday, 4/11/2018

• BITCOIN settles just under $7,000 on steady climb. Very firm
• Tax selling abating. Bitcoin seems poised to begin move higher
• Bitcoin closing above $7,000 would be very positive
• Near term target $9,000
• Longer term (year end) target $30,000-$35,000
• GOLD jumps up huge on Mideast/Syria military action fears
• Gold "spiked" above $1,360 before settling back
• Needs a sold close ABOVE $1,355 to confirm breakout
• Once again, still looking for move to $1,390-$1,400. Don’t be short gold
• 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time