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.

3/7/18 Closing Prices:

Bitcoin: $10,648.91 (-$342.89) Gold: $1,324 (-$9) Dow Jones Industrials: 24,801.36 (-82.76) S&P 500: 2,726.80 (-1.32) Nasdaq Composite: 7,396.65 (+24.64)

Trading Summary Notes for Wednesday, 3/7/2018

• BITCOIN weakens a bit more on "worries" SEC is looking at regulating crypto platforms
• Regulating (in some form) would be a plus for bitcoin. Regulating exchanges brings credibility and acceptance
• Some regulation will be BULLISH for bitcoin (cryptocurrencies)
• Bitcoin volatility settling down. Markets becoming more efficient
• Looking at $12K-$12,500 as a resistance area
• Looking at $10K-$10,500 as a support area
• GOLD gives back some of yesterday's sharp gains on tariff's compromise talk
• Tariffs and inflation fears make for a very potent bullish case for gold
• Gold is getting ready to challenge $1,400……………at some point. $1,350 first
• Top 2018 “HOT” picks……… long both BITCOIN & GOLD

CURRENT TRADING POSITION: Long BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries