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.

3/1/18 Closing Prices:

Bitcoin: $10,700.68 (+$173.40) Gold: $1,311 (-$1) Dow Jones Industrials: 24,608.98 (-420.22) S&P 500: 2,677.67 (-36.16) Nasdaq Composite: 7,180.56 (-92.45)

Trading Summary Notes for Thursday, 3/1/2018

• BITCOIN quietly begins move higher. Moving toward $11K
• BOUGHT BITCOIN @ $10,560 IN TRADING ACCOUNT
• Holding above $10K-$10,500 has been very positive
• Move above $12k-$12,500 will be super positive. $15K next?
• GOLD sells off in early trade on dollar strength. Recovers to be relatively unchanged
• Our support/entry level of $1,305-$1,310 held nicely.
• Gold is getting ready to challenge $1,400...............at some point. $1,350 first
• Trade war worries and inflation very positive for gold.
• 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