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.

3/28/18 Closing Prices:

Bitcoin: $7,928.96 (-$134.31) Gold: $1,325 (-$19) Dow Jones Industrials: 23,848.42 (-9.29) S&P 500: 2,605.00 (-7.62) Nasdaq Composite: 6,949.23 (-59.58)

Trading Summary Notes for Wednesday, 3/28/2018

• BITCOIN slips under $8,000 as buyers just disappear
• Bitcoin stuck in tight range ($7,500-$9,000)
• More negative news than there is positive momentum. Buyer's strike?
• Bitcoin break below $7,500 would be very negative
• GOLD gets hit hard after failing to take out resistance at $1,350-$1,360
• Gold in months long trading range of $1,305-$1,310 to $1,350-$1,360
• Still looking for move to $1,390-$1,400. Don’t be short gold

CURRENT TRADING POSITION: Long GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time