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   555

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. 

Goldman Sachs to launch cryptocurrency trading desk

The Goldman Sachs Group plans to set up a trading desk for cryptocurrencies such as Bitcoin by the end of June 2018
22 December 2017   279

The Goldman Sachs Group, a leading global investment banking, securities and investment management firm that provides a wide range of financial services, is reportedly going to launch a trading desk to make markets in digital currencies such as Bitcoin. The bank plans to set up cryptocurrency trading by the end of June of 2018.

In response to client interest in digital currencies, we are exploring how best to serve them.
 

Michael DuVally

Goldman Sachs spokesman

The representatives of Goldman Sachs said in interview with Bloomberg that the company will assemble a team in New York, although the bank did not make a decision where to house the desk, but it is possible that it will function within the fixed-income, currencies and commodities unit’s systematic trading function, which conducts transactions electronically.

In the beginning of November 2017 we have reported that Goldman Sachs CEO Lloyd Blankfein said in interview to Bloomberg that he wasn’t comfortable with bitcoin, but he was open to this cryptocurrency.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $13 138,10
  • Marketcap: $220 146 102 687
  • 24h volume: $16 930 200 000