Hisham Sarwar
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.
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
