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.

4/16/18 Closing Prices:

Bitcoin: $7,966.43 (-131.80) (from Friday's close) Gold: $1,346 (+$1) (from Friday's close) Dow Jones Industrials: 24,573.04 (+212.90) S&P 500: 2,677.84 (+21.54) Nasdaq Composite: 7,156.29 (+49.63)

Trading Summary Notes for Monday, 4/16/2018

• BITCOIN has a good weekend above $8,000 the dips and settle just under
• After big $1,000 "flash" run up and little pause is to be expected.
• BIG names like Soros, Rockefeller step in to put positive tone to bitcoin
• Momentum very strong and breaking out to the upside………$9,000 next resistance
• Long term (4th quarter) target $30,000-$35,000
• GOLD in "tug of war" to break out to the upside, or settle back toward $1,300
• Hits resistance at $1,350 but holds firm just under
• Resistance in the $1,350-$1,355 area looks to be penetrated
• Needs a sold close ABOVE $1,355 to confirm breakout
• Inflation a very underestimated 'wild card'
• 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