Goldman Sachs: Bitcoin Tests $ 3,000 And May Rise To $ 3.700
Bitcoin was able to get strong support and the next benchmark is set at $ 3,000, Goldman Sachs reports..
Sheba Jafari, the bank’s head of technical forecasting, sent out a message to her clients this Monday that included an updated forecast for cryptocurrencies..
The $ 1.856- $ 1.790 zone “has the potential for strong support,” Jafari writes. “Overall, the signal balance shifts in the positive direction.”.
Jafari’s last post was published 2 weeks ago, in which she reported that the cryptocurrency is preparing for a serious fall.
At the time of the publication of the first message, bitcoin was trading at $ 2,550 per coin. She reported that bitcoin “was still in a corrective fourth wave that should not have gone much further than 1.857.” In fact, the minimum was set slightly lower, from $ 1.758 to $ 1.852 (depending on the information you are using).
However, Jafari always predicts growth recovery after correction, which is what we are seeing..
Bitcoin gained more than 20% after the July 17 low and is now trading at around $ 2.325. Speaking of further growth from this mark, Jafari expects new records to be set. “The minimum target for the next fifth wave from the current level is 2.988, and the long fifth wave can reach $ 3.691”.
Bitcoin is up 140% in 2017. It sets a record above $ 3,000 on June 12.
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