Representatives of Goldman Sachs on the eve gave a bullish forecast for the BTC cryptocurrency – analysts believe that the rate may rise to $ 13,971.
The forecast is based on the Elliott Wave Theory. According to analysts, the other day the Bitcoin rate is likely to go up from the level of $ 11,094, subsequently reaching $ 12,916 and $ 13,971. Meanwhile, a rollback from the levels indicated by analysts can be considered as an opportunity to invest in cryptocurrency against the background of a slight subsidence.
On the eve of Goldman Sachs analysts also published their forecast for the economic situation in the United States. They believe that the US trade war with China will lead to a recession in the United States economy. Experts find no prospects in signing a trade agreement between the countries until the next year’s presidential election. Analysts have changed their forecast for America's GDP growth in the 4th quarter to 1.8%. It is estimated that the current situation in the country may force US private companies to cut spending and investment. Recall that on September 1, Trump announced that from September 1, 10% of the duty on the remaining goods from China worth $ 300 billion will be introduced.
In addition, Washington accuses Beijing of manipulating the currency after the fall of the Chinese yuan, while China denies everything. Trade relations between the two countries began to deteriorate at the beginning of last year, when the United States introduced a number of new duties on imports of aluminum and steel from around the world, as well as some categories of goods from China entering the country.
