The break-neck speed rally of Bitcoin has left investors wondering where Bitcoin would finally stabilize. Goldman Sachs believes that $8,000 would be the consolidation level for the current rally.
Where does rally stop?
Bitcoin’s price may have smashed through the $5000, $6000 and $7000 levels over the past few weeks, but technical analysts expect it to go higher. The level at which consolidation is expected to occur is $8000, according to Goldman Sachs.
In a note to investors, Goldman Vice President Sheba Jafari wrote: […]
Read Full: Goldman Sachs Predicts Bitcoin Price Consolidation Around $8,000 Before Continuing Up