Goldman Sachs says bitcoin may rise about $500 from now onwards before losing half its value. Mr.Jafari said that correction could take bitcoin down to around $2,221.
I'm not very sure how they come up with such analysis and correct numbers !! Bitcoins volatility at present puts every other asset Goldman Sachs analyses to shame. It goes through booms and busts on in a super unpredictable fashion. They believe that they can predict BTC with fancy Fibonacci Sequences and whatnot, but I would not bet on it. Always take their analysis with some pinch of salt.
Whats your take on their prediction ?? Do provide your comments and Please follow me here