Monday, June 19, 2017

Goldman Sachs Predicts Bearish Movement for Bitcoin Once It Reaches $3,100

Goldman Sachs Predicts Bearish Movement for Bitcoin Once It Reaches $3,100

Banking giant Goldman Sachs has recently warned its clients that the Bitcoin may halt in its bullish movement and head for a bearish movement very soon, according to a report by Interactive Investor. While the company that does not regularly monitor cryptocurrency news, it recently expressed its own opinion regarding Bitcoin in its report called Blockchain Unchained on June 12, 2017.

 

According to the bank, once it reaches its high at over $3,100, there would be an expected fall because of its continuous bullish movement.

 

According to ZeroHedge, there is an expected reversal once it reaches its all time high. This is because he claims that the oscillator shows negatively which indicates an eventual bear movement.

 

In fact, recent movements in Bitcoin price shows trends of it going lower than the highs that it has accumulated over the past weeks essentially reaching a ten week low of $2,547.

 

Full story at http://bit.ly/2rv3L2W

 

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