In its newsletter for customers, Goldman Sachs gave a bullish forecast for the price of bitcoin (BTC) . As follows from the publication, in the short term, Goldman Sachs expects to see bitcoin near the $ 13,971 mark.
Goldman Sachs analyst builds his forecast based on the Elliott Wave Theory. According to him, with a high degree of probability, bitcoin will rebound from the level of $ 11,094 in the coming days. After this, the opportunity will arise “for at least one more leap to $ 12,916 and $ 13,971”.
What is more surprising: that Goldman Sachs has a bullish target on $ BTC , that they have any target at all, or that they use Elliott Wave Theory?
I'm personally most surprised they cant be bothered to use a chart that includes weekend price action. pic.twitter.com/ocpq7hr0qv
– Su Zhu ? (@zhusu) August 12, 2019
On the other hand, a pullback from the indicated levels should be considered as an opportunity to buy cryptocurrency against the backdrop of weakness, if its rate does not fall below $ 9,084. Short-term stop orders for long positions should be placed at $ 10,791, according to Goldman Sachs.
“Are you more surprised that Goldman Sachs has set a bullish target for Bitcoin?” That they generally have any purpose? Or do they use the Elliott Wave Theory? – Soo Joo writes.
Personally, it surprises me more that they can’t get confused and take a schedule that will show course fluctuations over the weekend. ”
In late June, it became known that Goldman Sachs could issue its own digital currency, following the example of JPMorgan.
Publication date 08/13/2019
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