Goldman has always been adversely reputed as manipulating the market and controlling it to a very good level with the help of it's hedge fund manager Michael (Mike) Novogratz.
It's the trend which makes me believe that now when Goldman and precisely Mike is involved in crypto and hold 10% of his net worth in Bitcoin and Ethereum, the predictions they have made are going to be true. I am pretty much sure they are holding more than 10% and are in complete control of the market or will soon be as they have been famous for the same practices with the traditional stock market.
With Blockchain bringing in darker avenues for economies and stock markets now there are 2 ways for it to go ahead, either adopt or fall behind. Goldman are just doing the right thing. Adoption is the key whenever a revolution happens and Goldman is doing just the same, adopt mechanism!
The controversial approach of the analysis by Novogratz may give a subtle feeling when he says the next movement of bitcoin could consolidate sideways and should not go further $1857 and a target of $3212 should be achieved.
What I see is, the bull run has began again, maybe the Wave IV and soon a positive Wave V is on its way could take bitcoin to $4500 to reach another all time high by November 2017 and then resisting back to $3800 by the end of December 2017.
I hope the Goldman theory comes out to be true as any of their other predictions.
Read the full articles here:
The older article from Michael Novogratz:
https://www.cryptocoinsnews.com/billionaire-investor-has-10-of-his-money-in-bitcoin-ether/
The latest article on bitcoin prediction and analysis:
http://www.zerohedge.com/news/2017-07-03/goldman-sees-bitcoin-soaring-high-3915
