Goldman Sachs: Bitcoin will get close to $8000

Sheba Jafari, Goldman Sachs technical head provided clients of company with new Bitcoin price forecast
07 November 2017   829

Sheba Jafari, Goldman Sachs technical head informed the clients of the bank that bitcoin will attempt to take a mark of $ 8000. This is reported by the Business Insider.

It exceeded an equality target from the July low at 6,044. This break indicated potential for an impulsive advance, one that could reach at least 7,941. This is the minimum target for a 3rd of 5-waves up and should therefore be a level from which to watch for signs of a consolidation.
 

Sheba Jafari

Technical head, Goldman Sachs

Goldman Sachs graph
Goldman Sachs graph

Bitcoin Price

At the moment of press, average Bitcoin price is $7242.07. 

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin reached another all time high ($7592) yesterday, on Monday 6.11.2017. 

Circle to See Crypto Demand from Investors

As the company's CEO Jeremy Allair said, Circle also recorded a x15 increase in the number of transactions compared to the same period last year
26 June 2018   288

In May, the crypto-currency blockchain start-up Circle attracted 30% more institutional investors than in April. The company's performance has increased despite the fact that the rate of bitcoin for the same period fell by about 20%. This is reported by CNBC.

As the company's CEO Jeremy Allair said, Circle also recorded a x15 increase in the number of transactions compared to the same period last year.

According to him, starting from this week all trading operations on the platform will be automated.

Major institutional investors don't go through a telephone broker. They go through an electronic interface. We're maturing this into a more traditional product; it's much faster and a more flexible way to trade.
 

Jeremy Claire 

Founder and CEO, Circle

We note that the monthly trading on the platform exceeds $ 2 billion, while the minimum amount of the deal is at least $ 250,000.