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.
4/25/18 Closing Prices:
Bitcoin: $8,887.91 (-$397.65) Gold: $1,323 (-$9) Dow Jones Industrials: 24,083.83 (+59.70) S&P 500: 2,639.40 (+4.84) Nasdaq Composite: 7,003.74 (-3.62)
CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time IndexTrading Summary Notes for Wednesday, 4/25/2018
- The $9,000 BITCOIN price could not hold today. BTC slips back below
- Several days of rally gives way to some profit taking and a well deserved pause
- Upward momentum intact and bitcoin seems to be beginning another leg higher
- Next target $12,000-$12,500
- Ten year notes continue slide, 3%+ interest rates cause GOLD sell off
- Gold remains trapped in trading range of $1,315-$1,320 to $1,350-$1,355
- As said yesterday, "Interest rate NOT a worry, INFLATION INFLATION INFLATION"
- Inflation is being vastly under estimated. Inflation very bullish for gold
- Looking for GOLD to move to $1,395-$1,400
- 2018 TOP PICKS……LONG BITCOIN AND GOLD
CURRENT TRADING POSITION: Long BITCOIN & GOLD
