Goldman Sachs predicts, Bitcoin May Go Over $3,600

Goldman Sachs chief technician Sheba Jafari predicts that the Bitcoin may reach a new high over $3,600 very soon.

According to a report at Business Insider, the movement is well synced with Jafari’s earlier analysis that price would drop temporarily below $2,000 and will rise again. This is exactly what has happened.

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Bitcoin did go all-time high over $3,000 on June 12 and soon it collapsed to around $1,800 on the CoinDesk Bitcoin Price Index. Soon after fall in price, it recovered again and is on the road of going higher.

Also See: Bitcoin could go to $250,000 by the year 2020

Jafari now believes the price of bitcoin is in for a very small period of fluctuation until price growth begins.

“Anything above 3,000 (June 13th high) will suggest potential to have already started wave V, which again has a minimum target at 2,988 and scope to reach 3,691,” Jafari.

Via: Coin Desk

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Written by Hisham Sarwar

That is all you ever need to know about me but let me warn you, freelancing for me is a journey, certainly not a destination :)