Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin | Crypto Craft

  • Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin

    From coindesk.com

    Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin. In an analyst’s note, part of which was tweeted Monday by Su Zhu, co-founder and CEO at Three Arrows Capital, the bank said that its short-term target for bitcoin (BTC) is $13,971 and that investors should consider buying on any dips in the current scenario. The bank said that, based on its Elliott Wave analysis, BTC would find support around $11,094, and that there’s scope for a move higher to $12,916, then $13,971. “Any such retracement from $12,916-$13,971 should be viewed as an ... (full story)

Comment Options
cityRat
Aug 12, 2019 1:45pm
Permalink
If there's ever any technical analysis that I'd follow, it'd be Goldman Sachs's.
Reply
TMR
Aug 13, 2019 3:34am
Permalink
“Any such retracement from $12,916-$13,971 should be viewed as an opportunity to buy on weakness as long as it doesn’t retrace further than the $9,084 low.” - Goldman Sachs
Reply
  • Story Stats