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.

4/9/18 Closing Prices:

Bitcoin: $6,714.79 (+102.01) (from Friday's close) Gold: $1,337 (+$4) (from Friday's close) Dow Jones Industrials: 23,979.10 (+46.34) S&P 500: 2,613.16 (+8.69) Nasdaq Composite: 6,950.34 (+35.23)

Trading Summary Notes for Monday, 4/9/2018

• BITCOIN goes nowhere over the weekend. Hanging just under $7,000
• Bitcoin appears to basing between $6,500-$7,000
• Tax selling over?
• Positive global progress in cryptocurrency trading/acceptance being ignored. Buyers staying on sidelines.........for now
• A close up above $7,000 would be very positive
• Bitcoin near term target $9,000
• GOLD getting stronger. Looking like a breakout to the upside coming......soon
• 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