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.

4/20/18 Closing Prices:

Bitcoin: $8,500.75 Gold: $1,336 Dow Jones Industrials: 24,462.94 (-201.95) S&P 500: 2,670.14 (-22.99) Nasdaq Composite: 7,146.13 (-91.93)

Trading Summary Notes for Friday, 4/20/2018

• With tax selling over, BITCOIN rallies over 6% on the week
• New buyers, family office groups, hedge funds stepping into the crypto markets
• Bitcoin heading toward $9,000 which was previous resistance
• $30,000-$35,000 by end of year? HELL YEAH!
• GOLD tried several times to get (and close) above $1,355 this week......it failed
• Continues to be locked in a very tight trading range ($1,315-$1,355)
• Needs a sold close ABOVE $1,355 to confirm breakout
• Inflation being vastly overlooked which will be very bullish for gold
• 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