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.

4/6/18 Closing Prices:

Bitcoin: $6,612.78 (-$229.11) Gold: $1,333 (+$7) Dow Jones Industrials: 23,932.76 (-572.46) S&P 500: 2,604.47 (+-58.37) Nasdaq Composite: 6,915.11 (-161.44)

Trading Summary Notes for Friday, 4/6/2018

• BITCOIN continues lower on persistent selling
• 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 rallies back above $1,330 on increased trade war fears
• 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