Wall Street is still generally skeptical of the future of BTC. However, things are gradually changing, which can be seen as the beginning o...
Wall Street is still generally skeptical of the future of BTC. However, things are gradually changing, which can be seen as the beginning of a change in tactics. Goldman Sachs posted a price target for the BTC and even urged investors to buy it.
Goldman's Bitcoin target is at $ 14,000
In a note for investors, Goldman Sachs recommended investors to buy Bitcoin with the goal of increasing the price of nearly 14,000 USD. The investment bank did not agree with the harsh stance shared by others in the industry such as JP Morgan's Jamie Dimon or billionaire investor Warren Buffett.
Goldman has set a short-term target of US $ 13,971, if achieved, this will be a new high for 2019.
"Any withdrawal of between $ 12,916 and $ 13,971 should be considered an opportunity to buy, as long as it fails to return below the low of 9,084".
Therefore, with a support of USD 9,000, there is an expectation for a higher price increase. The reason for this was discussed in a tweet from Three Arbow Capital CEO Su Zhu.
"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 can't be bothered to use a chart that includes weekend price action".
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.
I'm personally most surprised they cant be bothered to use a chart that includes weekend price action.
Analysis based on the future chart BTC does not include the closing rate of the weekend transaction. However, the models are almost identical to the BTC / USD chart, so the Elliot Wave theory may be the cause behind the recent price drop.
In a possible development, Dow Jones' Dow Jones Industrial Average (DJIA) futures contract plunged in early trading on Monday morning when the bank cut its growth forecast and recession warning. economy.
Long-term Bull indicators for BTC
Bitcoin has just closed the highest weekly candle of 2019, and this is also an increase on longer time frames.
A week of consolidation led to a price drop at the end of the week but BTC is still within range. The golden cross on the previous four-hour chart is still showing although the opposite happened on the one-hour chart. This indicates a strong downtrend in this time frame.
Note: The article is for reference only, not an investment recommendation.
Mr. Nerd
