Goldman Sachs Analyst: Bitcoin May Rise to $ 8000 At investment bank Goldman Sachs, Bitcoin's rally is not over. Business Insider writes about it.

Goldman Sachs Analyst: Bitcoin May Rise To $ 8000

At investment bank Goldman Sachs, the Bitcoin rally is not over. Writes about this Business Insider.

Sheba Jafari, head of technical analysis at Goldman Sachs, in a letter to her clients that was sent out this Monday, wrote that the bitcoin rate could approach the $ 8,000 mark.

“It broke the target against the July low at 6.044,” Jafari writes. “This breakout could serve as an indicator of impulse advance to at least 7.941. This is the minimum target for the third of the five waves. Thus, at this level, one should observe signs that may indicate consolidation ".


Source: Business Insider

Bitcoin renewed another maximum this weekend, breaking the $ 7,600 level, after which it began to lose momentum and is now trading around the $ 7,100 mark.

It is not the first time that Jafari has given a forecast about the bitcoin rate. So, in August, when bitcoin was worth about $ 4,000, she wrote in a letter to her clients that in the near future bitcoin could rise to $ 4,827. Bitcoin broke the $ 4,900 level ahead of the correction in September, according to CoinMarketCap.

Similar articles

• Bitcoin Reaches 2020 Highs Again, Climbing Above $ 14,200 Bitcoin Price Breaks $ 14,200 This Wednesday, Setting A New Local High.

  Bitcoin has renewed its 2020 highs again, rising above $ 14,200 The price of Bitcoin broke the $ 14,200 level this Wednesday, marking a new local...

• Bond King Jeffrey Gundlach sees bitcoin as a hedge against inflation Billionaire investor Jeffrey Gundlach believes that bitcoin can help protect capital from depreciation amid a weakening dollar in the long term. He made such a statement in a conversation with Rosenberg Research on November 2.

  Bond King Jeffrey Gundlach sees bitcoin as a hedge against inflation Billionaire investor Jeffrey Gundlach believes bitcoin can help...

• Ronnie Moas: Bitcoin price will rise to $ 11,000 in 2018Optimistic analyst Ronnie Moas returned to discussing the prospects for Bitcoin and gave a new forecast.

  Ronnie Moas: Bitcoin rate will rise to $ 11,000 in 2018 Optimistic analyst Ronnie Moas returned to the discussion of the prospects for bitcoin and gave a new...

• Invest in Bitcoin at Your Own Peril and Risk - Head of the Central Bank of FranceThe head of the Central Bank of France issued a warning about the risks of investing in bitcoin. Writes about this The Independent.

  Invest in Bitcoin at Your Own Risk - French Central Bank Governor French Central Bank Governor Issues Risk Warning...

• Poloniex denied information about user data leakageCryptocurrency exchange Poloniex commented on earlier reports that some of its users had to change passwords due to an alleged data leak. According to the latest notification, about 1% of users received letters from the exchange.

  Poloniex denied information about the leakage of user data Poloniex cryptocurrency exchange commented on earlier reports that...