Wednesday, July 5, 2017

Goldman Sachs believes Bitcoin could climb to nearly $4,000

According to Goldman Sachs, Bitcoin (BTC) could climb to nearly $4,000 in the near future. Near, in this case, is relative. But after BTC breaks through the “messy” period in which it currently resides, Goldman analyst Sheba Jafari believes the coin is headed to at least $3,212, and quite possibly $3,900-plus. As of this writing BTC was worth $2,600 per coin. Jafari notes that BTC has entered its fourth “wave” and that these periods “tend to be messy/complex.” We should expect more volatility, some sideways consolidation, and a new target of as much as $3,900 once it eventually passes into…

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