Reversing a bearish outlook for the value of bitcoin, Sheba Jafari, Chief Technician, Goldman Sachs this week told its clients that Bitcoin might reach a new high of over $3,600 very soon.
The movement is in line with Sheba’s earlier analysis, posted on 13th June, when she predicted that the value would drop below $2,000 for a short-time, as profiled by Business Insider.
Infact, since surpassing its incomparable high of over $3,000 on 12th June, the bitcoin value dumped to as low as $1,836 on the CoinDesk Bitcoin indicator. Shortly thenceforth, on its technical roadmap, it hit a one month high across all the major exchanges.
As of now Sheba Jafari believes that the value of bitcoin is fluctuation period, at least till a new wave of value growth begins.
Jafari noted, ”Anything higher than $3,000 can counsel potential to have already started wave V, that once more incorporates a minimum target at $2,988 and scope to achieve $3,691”.
Source : CoinDesk