$8,000: Goldman Sachs’ Analyst Predicts Bitcoin Price Gains

Sheba Jafari, Goldman Sachs’ chief technician, believes bitcoin could reach close to $8,000, according to a message sent to the company’s clients on Monday, reported Business Insider.

Sheba Jafari, Goldman Sachs’ chief technician, believes bitcoin could reach close to $8,000, according to a message sent to the company’s clients on Monday, reported Business Insider.

Jafari noted bitcoin exceeded an equality target from its July low at $6,044, indicating the potential for an “impulsive advance” that could hit at least $7,941, the minimum target for the third of five waves. At that point, the price should achieve a position to watch for consolidation.

Bitcoin’s price was $7,201.2 late Tuesday morning, having posted a 3.19% drop in the prior 24-hour period, according to coinmarketcap.com.