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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 opportunity to ... (full story)

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  • Category: Technical Analysis